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 95.28-95.54.
Rupee dropped as rising crude oil prices weighed on investor sentiment and heightened concerns over inflation.
President Donald Trump also demanded compensation for war casualties in the Middle East from Iran.
RBI GDP Growth 2026-27: Malhotra & Co lift FY27 GDP forecast to 6.7% from 6.6% on growth resilience
EURINR
SELL EURINR AUG @ 110.3 SL 110.5 TGT 110-109.7.
Observations
EURINR trading range for the day is 110.14-110.4.
Euro steadied as oil prices extended their gains on fading hopes for a near-term deal between the US and Iran, keeping inflation risks and the interest rate outlook in focus.
Investor morale in the euro zone returned to positive territory in August and rose for a fourth consecutive month.
Euro zone business activity jumped to an eight-month high in July as a rebound in services joined a strengthening manufacturing sector.
GBPINR
SELL GBPINR AUG @ 129 SL 129.3 TGT 128.7-128.4.
Observations
GBPINR trading range for the day is 128.82-129.3.
GBP remained in range as investors assessed mixed signals surrounding US-Iran negotiations and the prospects for reopening the Strait of Hormuz.
UK retail sales rose by 1% year-on-year on a like-for-like basis in July 2026, slowing from a 1.7% increase in the previous month.
UK Construction PMI rose to 44.7 in July of 2026 from 38.4 in the previous month, extending the rebound from the six-year low of 38.2 in May
JPYINR
SELL JPYINR AUG @ 60.3 SL 60.5 TGT 60.1-59.9.
Observations
JPYINR trading range for the day is 60.02-60.32.
JPY dropped 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
