Sell GBPINR SEP @ 129.3 SL 129.6 TGT 129-128.7 - Kedia Advisory
USDINR
BUY USDINR SEP @ 95 SL 94.8 TGT 95.2-95.4.
Observation
USDINR trading range for the day is 94.65-95.45.
Rupee surged powered by aggressive central bank intervention and supported by flow-related dollar offers from foreign banks.
India's HSBC Manufacturing PMI eased to 52.8 in August 2026 from 53.5 in July, revised down from the preliminary estimate of 52.9.
India to sustain 7% economic growth in FY2026-27, Finance Minister says.
EURINR
SELL EURINR SEP @ 110.6 SL 110.9 TGT 110.3-110.
Observation
EURINR trading range for the day is 110.22-110.94.
Euro dropped as dollar strengthened as renewed Gulf attacks stoked inflation worries
Euro zone inflation rises above 3%, cementing ECB rate hike bets
Eurozone Manufacturing PMI rose to 52.7 in August 2026 from 51.9 in July, slightly below the preliminary estimate of 52.8.
GBPINR
SELL GBPINR SEP @ 129.3 SL 129.6 TGT 129-128.7.
Observations
GBPINR trading range for the day is 128.56-130.26.
GBP dropped as renewed risk aversion driven by higher oil prices weighed, while hawkish signals from the Fed continued to support the US dollar.
UK shop price inflation accelerated to 1.5% year-on-year in August 2026 from 0.9% in July, reaching its highest level since February 2024.
Markets are pricing around 32 basis points of BoE tightening by year-end, with a November hike seen as almost 70% likely.
JPYINR
SELL JPYINR SEP @ 60 SL 60.2 TGT 59.8-59.6.
Observations
JPYINR trading range for the day is 20-20.
JPY steadied amid heightened concerns over possible follow-up intervention by authorities.
Japan Manufacturing PMI was revised lower to 54.9 in August 2026 from the preliminary estimate of 55.1
Japanese companies’ spending on plant and equipment rose 1.6% year-on-year in Q2 2026
