SELL JPYINR JUN @ 60 SL 60.2 TGT 59.8-59.6 - Kedia Advisory
USDINR
SELL USDINR JUN @ 86.8 SL 87 TGT 86.6-86.4
Observations
USDINR trading range for the day is 86.58-87.
Rupee declined amid escalating tensions in the Middle East, although a retreat in crude oil prices helped cushion losses.
The HSBC India Manufacturing PMI rose to 58.4 in June 2025, up from 57.6 in May and above market expectations of 57.7.
The HSBC India Services PMI increased to 60.7 in June 2025 from 58.8 in the previous month, according to preliminary estimates.
EURINR
SELL EURINR JUN @ 99.9 SL 100.1 TGT 99.7-99.5.
Observations
EURINR trading range for the day is 99.19-100.19.
Euro dropped as investor sentiment soured following a sharp escalation in Middle East tensions.
The HCOB Germany Manufacturing PMI rose to 49.0 in June 2025 from 48.3 in May and in line with market expectations
The HCOB France Manufacturing PMI dropped to 47.8 in June 2025 from 49.8 in May, falling short of market expectations
GBPINR
SELL GBPINR JUN @ 117 SL 117.3 TGT 116.7-116.4
Observations
GBPINR trading range for the day is 115.76-116.96.
GBP dropped as dollar gains on fears that Iran would retaliate against US attacks on its nuclear sites.
.The S&P Global UK Manufacturing PMI rose to 47.7 in June 2025 from 46.4 in May, surpassing market expectations of 46.6
The S&P Global UK Services PMI rose to 51.3 in June 2025, from 50.9 in May and in line with market estimates
JPYINR
SELL JPYINR JUN @ 60 SL 60.2 TGT 59.8-59.6.
Observations
JPYINR trading range for the day is 58.3-59.86.
JPY weakened as the US dollar outperformed as a safe-haven currency following a sharp escalation in Middle East tensions.
The au Jibun Bank Japan Manufacturing PMI increased to 50.4 in June 2025 from May’s 49.4.
The au Jibun Bank Japan Services PMI rose to 51.5 in June 2025 from a final 51.0 in May, according to a flash estimate
