Sell GBPINR SEP @ 119.6 SL 119.9 TGT 119.3-119 - Kedia Advisory
USDINR
SELL USDINR SEP @ 88.3 SL 88.45 TGT 88.15-88.
Observations
USDINR trading range for the day is 88.06-88.34.
Rupee ends flat on Trump’s mixed signals for trade tariffs Trump pushed the European
Union to impose tariffs of up to 100% on India over its purchases of Russian oil.
Weak U.S. jobs growth in August has heightened expectations that Fed will cut rates by at least 25 basis points next week
EURINR
SELL EURINR SEP @ 103.4 SL 103.7 TGT 103.1-102.8.
Observations
EURINR trading range for the day is 103.06-103.72.
Euro dropped as investors looked to Thursday’s ECB meeting and upcoming US inflation figures for guidance on monetary policy.
The GDP in the Euro Area expanded 1.5% year-on-year in the second quarter of 2025, higher than 1.4% in the initial estimates.
Retail sales in the Eurozone fell by 0.5% from the previous month in July of 2025, erasing the upwardly revised, 15-month high in previous period
GBPINR
SELL GBPINR SEP @ 119.6 SL 119.9 TGT 119.3-119.
Observations
GBPINR trading range for the day is 119.13-119.81.
GBP dropped on profit booking amid firm dollar ahead of key U.S. inflation data this week.
The UK economy is expected to have stagnated in July.
Finance minister Rachel Reeves has been under pressure to keep Britain's finances on track, without breaking her own borrowing rules.
JPYINR
SELL JPYINR SEP @ 60.2 SL 60.5 TGT 59.9-59.7.
Observations
JPYINR trading range for the day is 59.9-60.4.
JPY dropped on profit booking as traders awaited key US inflation reports that could guide the Fed’s decision.
In Japan, a private survey showed manufacturer sentiment climbed to its highest level in over three years in September.
Markets assessed the fallout from Prime Minister Shigeru Ishiba’s resignation, which followed deepening rifts within the ruling party
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