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USDINR

SELL USDINR JUL @ 95.8 SL 96 TGT 95.6-95.4.

Observations

USDINR trading range for the day is 95.49-95.99.

Rupee strengthened to a near three-week peak, supported by a rally in local stocks and traders trimming bearish positions.

Indian economy shows recovery despite global uncertainties, private investment gains momentum

India's industrial production surged 7.3% in June, marking its fastest growth in nearly two years.

EURINR

BUY EURINR JUL @ 109 SL 108.7 TGT 109.3-109.6.

Observations

EURINR trading range for the day is 108.75-109.39.

Euro steadied as investors remained cautious ahead of US Fed decision, while renewed hostilities in the Middle East added to geopolitical uncertainty.

Germany’s import prices rose 6.1% yoy in June 2026, easing from May’s 6.8%, which had marked the strongest gain since December 2022.

ECB still considers the current inflation shock to be medium-sized, and it will get price growth back to 2% in the next year or so – Lane

GBPINR

SELL GBPINR JUL @ 128.2 SL 128.5 TGT 127.9-127.6.

Observations

GBPINR trading range for the day is 127.87-128.27.

GBP dropped as investors tracked developments in the Middle East while the US dollar gained support

The British public's expectations for future inflation continued to fall in July.

Recent inflation data has reinforced that outlook, with annual consumer price growth slowing to a 15-month low of 2.6% in June, below the BoE's projections.

JPYINR

SELL JPYINR JUL @ 58.6 SL 58.8 TGT 58.4-58.2.

Observations

JPYINR trading range for the day is 58.51-58.57.

JPY dropped as investors awaited the Feds latest policy decision, where it is expected to leave interest rates unchanged.

The Bank of Japan is widely expected to keep its policy rate unchanged on Friday while leaving the door open for additional rate hikes to help stem the yen’s decline.

Verbal intervention from Japanese authorities has so far provided little support for the currency, while the BOJ has remained vague about its tightening plans.