SELL JPYINR AUG @ 59.6 SL 59.9 TGT 59.3-59. - Kedia Advisory
USDINR
SELL USDINR AUG @ 87.85 SL 88 TGT 87.7-87.6.
Observations
USDINR trading range for the day is 87.64-87.98
Rupee edged up after the RBI kept its key policy rate unchanged, as expected, and maintained a "neutral" stance.
RBI Governor Sanjay Malhotra noted ongoing global trade challenges but said India’s economic outlook remains "bright."
RBI cut its inflation forecast to 3.1% from 3.7%, keeping it comfortably within its 2–6% target
EURINR
SELL EURINR AUG @ 102.3 SL 102.6 TGT 102-101.
Observations
EURINR trading range for the day is 101.42-102.34.
Euro gains as investors looked past the latest tariff threats from Trump, who signaled potential new levies on semiconductors and pharmaceuticals.
Business activity in the euro zone grew at a slightly faster pace in July than in June but remained sluggish as demand dipped.
Factory orders in Germany dropped 1.0% mom in June 2025, following a downwardly revised 0.8% fall in May.
GBPINR
SELL GBPINR AUG @ 117.15 SL 117.45 TGT 116.8-116.5.
Observations
GBPINR trading range for the day is 116.43-117.39.
GBP recovered after pressure seen amid concerns over the UK’s economic outlook and fiscal health.
UK Manufacturing PMI rose to 48 in July of 2025 from 47.7 in June, revised lower from the flash estimate of 48.2.
The UK Nationwide House Price Index rose 2.4% year-on-year in July 2025, above expectations and June’s 2.1% rise.
JPYINR
SELL JPYINR AUG @ 59.6 SL 59.9 TGT 59.3-59.
Observations
JPYINR trading range for the day is 59.16-59.94.
JPY droped on profit booking after BOJ’s minutes showed policymakers remain open to further tightening if trade tensions ease.
Japan's nominal wages rose 2.5% year-on-year in June 2024, the fastest pace in four months
Ministry of Finance official called for policy flexibility, particularly regarding bond purchase operations to ensure market stability.
