Sell JPYINR AUG @ 60.6 SL 60.9 TGT 60.3-60.1 - Kedia Advisory
USDINR
BUY USDINR AUG @ 95.2 SL 95 TGT 95.4-95.6.
Observations
USDINR trading range for the day is 94.82-95.56.
Rupee strengthens past the 95-per-dollar mark amid a continued decline in oil prices on signs of progress in U.S.-Iran talks.
Indian central bank holds rates at 5.25% as expected, taking comfort in still – modest inflation
The annual inflation rate surged to 4.38% in June 2026, marking the highest level since
December 2024 and rising above the RBI's 4% target for the first time in 17 months
EURINR
SELL EURINR AUG @ 110.2 SL 110.5 TGT 109.9-109.6.
Observations
EURINR trading range for the day is 109.83-110.43.
Euro dropped amid Rupee firmness as reports of an imminent agreement the Strait of Hormuz, easing concerns over inflation.
Euro zone factory output surged at its fastest pace in nearly four-and-a-half years in July.
Factory employment fell again in July, extending a run of job cuts, as companies grew more cautious about the prospect of a slowdown in work.
GBPINR
SELL GBPINR AUG @ 128.7 SL 129 TGT 128.4-128.1.
Observations
GBPINR trading range for the day is 128.3-129.32.
GBP falls as the US Dollar gains support from a rebound in 10-year US Treasury yields.
Easing tensions in the Strait of Hormuz reduces safe-haven demand following diplomatic progress between the US and Iran.
Markets pared 2026 interest rate hike bets as the Bank of England signaled no rush to tighten monetary policy.
JPYINR
SELL JPYINR AUG @ 60.6 SL 60.9 TGT 60.3-60.1.
Observations
JPYINR trading range for the day is 60.49-60.67.
JPY rally paused even as US Treasury Secretary Scott Bessent reaffirmed Washington’s ongoing support for Japan following a historic joint currency intervention
Japan’s Services PMI Business Activity Index was revised lower to 51.2 in July 2026 after a final reading of 52.2 in the previous month.
Minutes from the Bank of Japan’s June meeting underscored mounting concern over inflation risks.
