SELL GBPINR JUN @ 115.4 SL 115.7 TGT 115.1-114.9 - Kedia Advisory
USDINR
SELL USDINR JUN @ 85.7 SL 85.85 TGT 85.55-85.4.
Observations
USDINR trading range for the day is 85.41-85.87.
Rupee edges down as dollar firms after court blocks Trump’s tariff move.
India to retain crown of fastest growing major economy amid global gloom: RBI
The RBI anticipates eased food inflation and improved agricultural production in 2025-26.
EURINR
SELL EURINR JUN @ 97 SL 97.3 TGT 96.7-96.5.
Observations
EURINR trading range for the day is 96.21-97.19.
Euro fell as dollar gained after a federal trade court struck down
President Donald Trump’s worldwide reciprocal tariffs Economic data showed that France’s inflation rate unexpectedly slowed in May.
The ECB is set to announce its policy decision next week. While many analysts anticipate another rate cut.
GBPINR
SELL GBPINR JUN @ 115.4 SL 115.7 TGT 115.1-114.9.
Observations
GBPINR trading range for the day is 114.7-115.86.
GBP fell due to the dollar's rebound, driven by strong US consumer confidence and optimism around trade deals.
The IMF upgraded the UK’s 2025 growth outlook to 1.2% from 1.1%
Traders are pricing in only around 40 bps of easing from the BoE by year-end.
JPYINR
SELL JPYINR JUN @ 59.7 SL 59.9 TGT 59.5-59.3
Observations
JPYINR trading range for the day is 59.05-59.95.
JPY steadied as easing tariff risks dampened demand for safe-haven assets.
The move followed a US federal court ruling that President Donald Trump overstepped his authority in imposing reciprocal tariffs.
BOJ’s Ueda flags concern over rising long yields, eyes spillover to short debt
