SELL JPYINR JUL @ 58.8 SL 59 TGT 58.6-58.4. - Kedia Advisory
USDINR
SELL USDINR JUL @ 86.5 SL 86.65 TGT 86.35-86.25.
Observations
USDINR trading range for the day is 86.18-86.58.
Rupee snaps 6-day losing streak on hopes of US-EU trade deal before tariff deadline
The HSBC India Manufacturing PMI climbed to 59.2 in July 2025 from 58.4 in the previous month
The Asian Development Bank (ADB) lowered India’s growth forecast for FY26 to 6.5 per cent from 6.7 per cent.
EURINR
SELL EURINR JUL @ 101.6 SL 102 TGT 101.3-101.
Observations
EURINR trading range for the day is 101.41-101.77.
Euro gains reports that the EU and US are nearing a deal to impose 15% tariffs on select European imports while waiving duties on others.
The ECB kept interest rates unchanged during its July meeting, effectively marking the end of its current easing cycle
The HCOB Germany Manufacturing PMI edged up to 49.2 in July 2025 from 49 in June
GBPINR
SELL GBPINR JUL @ 117.1 SL 117.4 TGT 116.7-116.5.
Observations
GBPINR trading range for the day is 116.7-117.54.
GBP slipped after weaker-than-expected UK PMI data raised concerns about the economy.
Services and composite readings missed forecasts, signaling a sharper slowdown in private sector.
The S&P Global UK Manufacturing PMI rose to 48.2 in July 2025 from 47.7 in June, slightly above market expectations of 48.
JPYINR
SELL JPYINR JUL @ 58.8 SL 59 TGT 58.6-58.4.
Observations
JPYINR trading range for the day is 57.96-60.06.
JPY dropped on profit booking after seen supported amid new US-Japan trade deal
The au Jibun Bank Japan Manufacturing PMI unexpectedly dropped to 48.8 in July 2025 from June’s 50.1.
The S&P Japan Services PMI rose to 53.5 in July 2025 from a final 51.7 in the previous month.
