Sell GBPINR SEP @ 118.6 SL 118.9 TGT 118.3-118 - Kedia Advisory
USDINR
SELL USDINR SEP @ 87.8 SL 88 TGT 87.6-87.45.
Observations
USDINR trading range for the day is 87.37-87.93.
Rupee edged lower marking its fourth consecutive session of losses, as market sentiment remained clouded by tariff concerns.
Fitch Ratings affirmed India’s sovereign rating at ‘BBB-’ with a stable outlook, citing robust growth but flagging weak fiscal metrics.
Moody's credit rating for India was last set at Baa3 with a stable outlook.
EURINR
SELL EURINR SEP @ 102.7 SL 103 TGT 102.4-102.1.
Observations
EURINR trading range for the day is 102.18-103.14.
Euro falls as sentiment hit by Trump threat of 200% tariffs on China rare-earths.
Consumer confidence in France fell to 87 in August 2025, down from 88 in the previous three months and below forecasts of 90.
German business morale hit a 15-month high in August, echoing recent upbeat activity data.
GBPINR
SELL GBPINR SEP @ 118.6 SL 118.9 TGT 118.3-118.
Observations
GBPINR trading range for the day is 117.88-118.86.
GBP remained in range ahead of BoE Mann’s speech for fresh cues on the monetary policy outlook
UK businesses experiencing their strongest month in a year, driven by a rebound in the services sector.
Money markets now see less than a 50% chance of a rate cut before end-2025, with only about a 36% probability of a quarter-point reduction this year
JPYINR
SELL JPYINR AUG @ 59.6 SL 59.8 TGT 59.3-59.1.
Observations
JPYINR trading range for the day is 58.9-59.78.
JPY steadied as the greenback came under pressure after Trump announced the removal Lisa Cook over alleged mortgage fraud.
Bank of Japan Governor Kazuo Ueda said that wages in Japan are expected to rise further amid a tightening labor market
BOJ kept interest rates unchanged but raised its inflation forecasts and delivered a more optimistic economic outlook.
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