Sell JPYINR AUG @ 60.25 SL 60.5 TGT 60-59.8 - Kedia Advisory
USDINR
BUY USDINR AUG @ 95.5 SL 95.3 TGT 95-95.9.
Observations
USDINR trading range for the day is 95.5-95.78.
Rupee steadied as oil prices climbed past $90 after the U.S.-Iran interim ceasefire lapsed, while likely intervention by the RBI contained losses.
India's economic growth to moderate to 6.8% in the current financial year, down from 7.6% in FY26 – Ind - Ra
India’s unemployment rate fell to a four-month low of 5.1% in July from 5.5% in June
EURINR
SELL EURINR AUG @ 111 SL 111.3 TGT 110.7-110.5.
Observations
EURINR trading range for the day is 110.62-111.1.
Euro steadied after the US-Iran ceasefire expired and Tehran signaled a tougher military stance, raising concerns about renewed instability in the Middle East.
Euro zone employment rose by 0.1% quarter-on-quarter and by 0.5% year-on-year in the second quarter.
The Eurozone economy grew 1.0% year-on-year in the second quarter of 2026, accelerating from an upwardly revised 0.5% in the previous quarter.
GBPINR
SELL GBPINR AUG @ 129.8 SL 130.1 TGT 129.5-129.2.
Observations
GBPINR trading range for the day is 129.37-129.87.
GBP dropped as a slowing labour market as Britain's unemployment rate came in above expectations in June while vacancies fell in July.
The UK unemployment rate was unchanged at 4.9% in the three months to June 2026, defying expectations for a decline to 4.8%.
The number of payrolled employees in the UK fell by 13 thousand to 30.3 million in July 2026, following a revised 13 thousand decline in the previous month.
JPYINR
SELL JPYINR AUG @ 60.25 SL 60.5 TGT 60-59.8.
Observations
JPYINR trading range for the day is 59.9-60.2.
JPY dropped amid mounting fiscal concerns and persistent inflationary pressures.
The Takaichi administration’s plan to cut the consumption tax on food to 1% for two years has fueled market concerns.
Markets also remained concerned about elevated energy costs, which are weighing on Japan’s oil-dependent economy and currency
