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USDINR

SELL USDINR JUL @ 85.75 SL 85.9 TGT 85.6-85.4.

Observations

USDINR trading range for the day is 85.47-85.85.

Rupee strengthened as worries over Trump's fiscal policies and uncertainty around trade deals weighed on dollar.

The HSBC India Manufacturing PMI stood at 58.4 in June 2025, matching flash data and marking the highest print since April 2024.

India's fiscal deficit hit a historic low of 0.8% of the annual target in the first two months, driven by a record RBI dividend leading to a May surplus.

EURINR

SELL EURINR JUL @ 101.3 SL 101.6 TGT 101-100.8.

Observations

EURINR trading range for the day is 100.85-101.59.

Euro gains as investors awaited further developments in US trade negotiations.

Germany’s consumer price inflation unexpectedly eased to 2.0% in June from 2.1% in May, returning to the ECB’s target.

ECB’s Guindos reiterated that the current policy stance is appropriate but stressed the importance of maintaining flexibility amid lingering uncertainty.

GBPINR

SELL GBPINR JUL @ 118 SL 118.3 TGT 117.7-117.5.

Observations

GBPINR trading range for the day is 117.74-118.1.

GBP gains as support seen after new UK-US trade deal took effect.

The UK Nationwide House Price Index rose 2.1% year-on-year in June 2025, easing from a 3.5% increase in May.

Fed rate cut bets, US fiscal concerns, and a positive risk tone weigh on the Greenback.

JPYINR

SELL JPYINR JUL @ 60.2 SL 60.5 TGT 59.9-59.7.

Observations

JPYINR trading range for the day is 59.63-60.33.

JPY appreciated even as renewed trade tensions with the US intensified. U.S. President

Donald Trump threatened new tariffs on Japan, citing its refusal to import American rice

The au Jibun Bank Japan Manufacturing PMI was revised lower to 50.1 in June 2025, down from the preliminary estimate of 50.4