Sell JPYINR JUN @ 58.5 SL 58.7 TGT 58.3-58.1 - Kedia Advisory
USDINR
SELL USDINR JUL @ 94.8 SL 95 TGT 94.6-94.4.
Observations
USDINR trading range for the day is 94.28-95.04.
Rupee closed modestly stronger as falling oil prices improved sentiment alongside signs of a pickup in foreign portfolio inflows.
S&P cuts India's FY27 growth forecast to 6.6%, sees inflation at 5.1%
RBI in wait-and-watch mode, no certainty on rate hike: Governor Sanjay Malhotra
EURINR
SELL EURINR JUL @ 107.8 SL 108.1 TGT 107.5-107.3.
Observations
EURINR trading range for the day is 107.07-108.47.
Euro steadied as investors pared bets on further ECB rate rises, while expectations grew that the Federal Reserve would keep hiking.
Germany’s GfK Consumer Climate Indicator edged up to -29.2 heading into July 2026 from a revised -29.7 in June
Spain’s economy grew by 0.6% qoq in the first quarter of 2026, following a 0.8% expansion in the final quarter of 2025.
GBPINR
SELL GBPINR JUL @ 125.2 SL 125.5 TGT 124.9-124.7.
Observations
GBPINR trading range for the day is 124.17-125.67.
GBP steadied as dollar rose as traders have bet on rate hikes from Fed amid rising U.S. inflationary pressures and a strong American economy.
Investors awaited details on the replacement for PM Starmer, while a survey showed that business activity contracted this month.
S&P Global's composite PMI fell to 49.4 from 49.7, with the services PMI down to 48.7 from 49.3, its weakest since January 2023.
JPYINR
SELL JPYINR JUN @ 58.5 SL 58.7 TGT 58.3-58.1.
Observations
JPYINR trading range for the day is 56.98-59.04.
JPY dropped despite repeated verbal intervention from officials provided little support for the currency
Bank of Japan should continue raising interest rates at intervals of a few months, board member Naoki Tamura.
Japan’s coincident economic index, rose to 118.1 in April 2026 above the preliminary figure of 117.9
