Sell JPYINR AUG @ 60.3 SL 60.5 TGT 60.1-59.9 - Kedia Advisory
USDINR
BUY USDINR AUG @ 95.2 SL 95 TGT 95.4-95.6.
Observations
USDINR trading range for the day is 95.14-95.44.
Rupee ended little changed, wedged between firmer oil prices and likely intervention by the central bank.
India's forex reserves jump $10.5 billion to over two-month high of $692.87 billion as of July 31
India's economic growth may moderate in H2FY27, accelerate to 7.2% in FY28
EURINR
SELL EURINR AUG @ 110.2 SL 110.5 TGT 109.9-109.6.
Observations
EURINR trading range for the day is 110.07-110.39.
Euro steadied as investors assessed lingering uncertainty over efforts to reopen the Strait of Hormuz, keeping inflation risks and the interest rate outlook firmly in focus.
Iran said talks with Oman were approaching an agreement but denied holding any direct negotiations with the US, despite Washington’s claims that a deal was close.
Euro zone June retail sales rise 0.7% y/y
GBPINR
SELL GBPINR AUG @ 129 SL 129.3 TGT 128.7-128.4.
Observations
GBPINR trading range for the day is 128.72-129.1.
GBP gains as investors assessed mixed signals surrounding US-Iran negotiations and the prospects for reopening the Strait of Hormuz.
Governor Andrew Bailey saying disinflation remained on track.
UK labour-market data from KPMG and REC showed some improvement.
Surprise contraction in US employment reduced expectations of a near-term Federal Reserve rate hike
JPYINR
SELL JPYINR AUG @ 60.3 SL 60.5 TGT 60.1-59.9.
Observations
JPYINR trading range for the day is 59.5-60.7.
JPY steadied as a recent joint intervention by Tokyo and Washington failed to sustain the rally amid persistent structural pressure on the currency.
Japan’s current account surplus narrowed in June, as strong exports of AI-related electronics were offset by higher imports driven by increased crude oil purchases.
Japan’s bank lending rose 5.4% year-on-year in July 2026, slowing from a five-year high of 5.7% increase in the previous month.
