Sell JPYINR AUG @ 60.9 SL 61.2 TGT 60.6-60.3 - Kedia Advisory
USDINR
BUY USDINR AUG @ 95.3 SL 95.1 TGT 95.6-95.8
Observations
USDINR trading range for the day is 95.08-95.8.
Rupee gains to a near four-week high as lower oil prices reinforced optimism from the RBI's sustained market intervention.
Additional support came after RBI data showed measures to attract capital inflows had brought in about $41 billion.
RBI's net foreign exchange forward book narrowed slightly to $103.3 billion in June, reflecting lower near-term dollar liabilities
EURINR
SELL EURINR AUG @ 110.2 SL 110.5 TGT 109.9-109.6.
Observations
EURINR trading range for the day is 109.85-110.35.
Euro supported after Trump said peace talks with Iran will resume following his decision to cancel a planned attack.
Germany’s retail sales declined 1.1% month-on-month in June 2026, swinging from a marginally revised 1.2% increase in the previous month.
Eurozone annual inflation accelerated to 2.9% in July 2026, up from 2.8% in June and remaining well above ECB’s 2.0% target
GBPINR
SELL GBPINR AUG @ 129 SL 129.3 TGT 128.7-128.4.
Observations
GBPINR trading range for the day is 128.54-129.16.
GBP steadied amid expectations of interest-rate hikes and signs of stability in local politics.
British businesses turned more confident about the economic outlook earlier this month, reflecting a brief fall in energy prices.
The UK Nationwide House Price Index rose 1.8% year-on-year in July 2026, slowing from a 2.2% increase in June.
JPYINR
SELL JPYINR AUG @ 60.9 SL 61.2 TGT 60.6-60.3
Observations
JPYINR trading range for the day is 60.56-61.42.
JPY gains after the Finance Ministry confirmed it carried out coordinated yen-buying operations with the US Treasury.
Japanese authorities warned they stand ready to conduct additional coordinated interventions if needed.
Manufacturing PMI was revised lower to 54.5 in July 2026, following a final reading of 54.8 in the previous month.
