Sell JPYINR AUG @ 59.25 SL 59.5 TGT 59-58.75 - Kedia Advisory
USDINR
SELL USDINR AUG @ 87.2 SL 87.35 TGT 87-86.9.
Observations
USDINR trading range for the day is 86.81-87.53.
Rupee fell as aggressive dollar buying by oil importers towards the end of the session.
The HSBC India Manufacturing PMI rose to 59.8 in August 2025 from a final reading of 59.1 in July.
The HSBC India Services PMI rose to 65.6 in August 2025 from 60.5 in July.
EURINR
SELL EURINR AUG @ 101.7 SL 102 TGT 101.4-101.1.
Observations
EURINR trading range for the day is 101.01-102.15.
Euro gains as euro zone business activity accelerates in August as new orders grow.
Eurozone Manufacturing PMI rose to 50.5 in August 2025 from 49.8 in July, its first expansion since April 2022.
Germany’s flash composite PMI rose to 50.9 in August from 50.6, the highest since March.
GBPINR
SELL GBPINR AUG @ 117.6 SL 117.9 TGT 117.3-117.
Observations
GBPINR trading range for the day is 116.71-118.15.
GBP settled flat after stronger-than-projected preliminary UK PMI data for August.
Global UK Manufacturing PMI slipped to 47.3 in August 2025 from 48 in July, below expectations of 48.3.
Public sector net borrowing in the UK decreased to £1.1 billion in July 2025 from £3.4 billion in the same month last year.
JPYINR
SELL JPYINR AUG @ 59.25 SL 59.5 TGT 59-58.75.
Observations
JPYINR trading range for the day is 58.91-59.55.
JPY gained as weakness in RUpee supported after pressure seen as uncertainty over the Bank of Japan’s policy outlook persisted.
The S&P Global Japan Manufacturing PMI edged up to 49.9 in August 2025 from a final 48.9 in July.
The S&P Global Japan Services PMI dropped to 52.7 in August 2025 from July’s five-month high of 53.6
