SELL JPYINR JUL @ 59.8 SL 60 TGT 59.6-59.4 - Kedia Advisory
USDINR
SELL USDINR JUL @ 85.55 SL 85.7 TGT 85.4-85.3.
Observations
USDINR trading range for the day is 85.29-85.67.
Rupee little changed as traders awaited developments in U.S.-India trade talks.
India's services sector experienced robust growth in June, reaching a 10-month high with a PMI of 60.4
Crisil has revised India's GDP growth forecast to 6.5% for the current fiscal year
EURINR
SELL EURINR JUL @ 100.85 SL 101.05 TGT 100.55-100.35.
Observations
EURINR trading range for the day is 100.55-101.07.
Euro steadied as investor attention shifted back to global trade tensions ahead of the July 9th deadline.
EU’s Sefcovic stated that while talks would continue, the objective remains securing a comprehensive and ambitious transatlantic trade agreement.
Factory orders in Germany dropped by 1.4% month-over-month in May 2025, missing market forecasts of a 0.1% decline
GBPINR
SELL GBPINR JUL @ 116.9 SL 117.2 TGT 116.6-116.3.
Observations
GBPINR trading range for the day is 116.6-117.08.
GBP settled flat as investors rushed to the dollar following a stronger-than-expected US jobs report.
Markets have priced in a Bank of England rate cut as soon as August, following dovish remarks from officials.
Governor Bailey said it was too early to fully assess the inflationary impact of tariffs but reiterated that the trajectory of interest rates is “downwards.”
JPYINR
SELL JPYINR JUL @ 59.8 SL 60 TGT 59.6-59.4.
Observations
JPYINR trading range for the day is 59.67-59.97.
JPY dropped weighed down by trade-related uncertainties despite Tokyo’s efforts to secure a deal with Washington.
US dollar strengthened following a stronger-than-expected June jobs report, which eased recession fears
Household spending in Japan rebounded more than anticipated in May, supported by government measures to stimulate consumption.
Tag News
SELL JPYINR JUL @ 59.85 SL 60.05 TGT 59.65-59.45 - Kedia Advisory
