Sell GBPINR SEP @ 129.6 SL 129.9 TGT 129.3-12 - Kedia Advisory
USDINR
BUY USDINR SEP @ 95.8 SL 95.6 TGT 96-96.2.
Observations
USDINR trading range for the day is 95.79-96.09.
Rupee slipped to its lowest since late July as strong dollar demand from local companies and expectations of a U.S. Federal Reserve rate hike.
Persistent interventions by the Reserve Bank of India have helped the rupee hold above the 96 per dollar mark over recent sessions.
India's unemployment rate for adults (15+) dipped slightly to 5% in August, down from 5.1% in July
EURINR
SELL EURINR SEP @ 111 SL 111.3 TGT 110.7-110.4.
Observations
EURINR trading range for the day is 110.64-111.26.
Euro stabilized as the US dollar remained supported ahead of today’s Federal Reserve decision.
Investors have increased bets on further European Central Bank rate hikes amid renewed inflation concerns.
Markets are now pricing the ECB deposit rate at around 2.9% by December, up from the current 2.5%.
GBPINR
SELL GBPINR SEP @ 129.6 SL 129.9 TGT 129.3-129.
Observations
GBPINR trading range for the day is 129.22-129.66.
GBP remained in range as investors digested an in-line UK inflation report ahead of interest rate decisions from BOE
The UK's annual core inflation rate remained at 2.6% in August 2026, unchanged for the fourth consecutive month.
The UK’s annual inflation rate rose to 3.1% in August 2026, the highest level in five months, in line with market expectations.
JPYINR
SELL JPYINR SEP @ 61.6 SL 61.8 TGT 61.4-61.2.
Observations
JPYINR trading range for the day is 61.03-62.27.
JPY weakened as the dollar strengthened ahead of an expected interest rate hike by the US Federal Reserve
Japan’s trade deficit widened significantly to JPY 1,105.6 billion in August 2026 from JPY 294.1 billion a year earlier
Japan’s core machine orders, fell by 3.7% month-on-month to JPY 1,016.9 billion in July 2026.
