SELL JPYINR JUL @ 58.6 SL 58.8 TGT 58.4-58.2. - Kedia Advisory
USDINR
SELL USDINR JUL @ 86.35 SL 86.5 TGT 86.2-86.
Observations
USDINR trading range for the day is 85.97-86.69.
Rupee logged a modest decline, pressured by dollar bids from foreign and local private banks.
India’s foreign exchange reserves fell by $3.06 billion to $696.67 billion for the week ending July 11.
India's unemployment rate remained steady at 5.6% in June 2025, mirroring May's figures
EURINR
SELL EURINR JUL @ 100.8 SL 101 TGT 100.5-100.2.
Observations
EURINR trading range for the day is 100.18-100.92.
Euro gains as investors awaited the ECB's policy decision and kept a close eye on EU-US trade developments.
Eurozone’s current account surplus narrowed to EUR 1 billion in May 2025 from EUR 7.3 billion a year earlier
The ECB is expected to leave interest rates unchanged after eight consecutive cuts.
GBPINR
SELL GBPINR JUL @ 116.3 SL 116.6 TGT 116-115.7.
Observations
GBPINR trading range for the day is 115.6-116.64.
GBP gains as investors seek fresh US tariff headlines
UK consumer sentiment suffers first big fall in nearly 3 years
The BoE is unlikely to cut interest rates in the September meeting
JPYINR
SELL JPYINR JUL @ 58.6 SL 58.8 TGT 58.4-58.2.
Observations
JPYINR trading range for the day is 58.13-58.81.
JPY strengthened after the ruling coalition lost its majority in the upper house election.
Despite the setback, PM Ishiba is expected to remain in office, easing concerns of a more severe political shakeup or potential resignation.
Food prices in Japan rose 7.2% year-on-year in June 2025, accelerating from a 6.5% increase in the previous two months
