SELL GBPINR JUN @ 117.1 SL 117.4 TGT 116.7-116.5 - Kedia Advisory
USDINR
SELL USDINR JUN @ 86.1 SL 86.2 TGT 85.95-85.85.
Observations
USDINR trading range for the day is 85.8-86.44.
Rupee trades choppy as dollar drop offsets Iran-Israel conflict-driven risk aversion.
India’s wholesale price inflation eased to 0.39% in May 2025, down from 0.85% in April.
India's merchandise trade deficit narrowed to $21.88 billion in May, according to government data
EURINR
SELL EURINR JUN @ 99.8 SL 100 TGT 99.5-99.3.
Observations
EURINR trading range for the day is 98.46-101.66.
Euro gains as dollar pared gains as traders dialed back some risk-off positioning.
Imports into the Eurozone inched up just 0.1% year-on-year to €233.07 billion in April 2025.
Sentiment remains cautious as investors closely monitor escalating tensions between Israel and Iran.
GBPINR
SELL GBPINR JUN @ 117.1 SL 117.4 TGT 116.7-116.5.
Observations
GBPINR trading range for the day is 116.45-117.25.
GBP gains as markets await BoE decision; rates likely to stay at 4.25%.
UK GDP fell 0.3% month-over-month in April—worse than the expected 0.1% decline—partly due to a sharp drop in exports
Ahead of the BoE monetary policy, investors will also focus on the UK CPI data for May, which is scheduled to be released on Wednesday.
JPYINR
SELL JPYINR JUN @ 59.8 SL 60 TGT 59.6-59.4.
Observations
JPYINR trading range for the day is 59.06-60.26.
JPY slipped as the US dollar strengthened on increased safe-haven demand.
Japan’s industrial production fell by 1.1% month-over-month in April 2025, steeper than the preliminary estimate of a 0.9% drop.
Investors are focused on the BOJ’s upcoming policy decision as central bank is widely expected to keep interest rates unchanged.
