Sell JPYINR Sep @ 59.6 SL 59.9 TGT 59.3-59 - Kedia Advisory
USDINR
SELL USDINR SEP @ 88.2 SL 88.3 TGT 88.05-87.9.
Observations
USDINR trading range for the day is 87.86-88.54.
Rupee ended higher even as most Asian currencies fell, with market participants betting on the unit staging a recovery in the near term.
India Services PMI was revised lower to 62.5 in August 2025, down from the preliminary estimate of 65.6. India
Composite PMI rose to 63.2 in August 2025, up from 61.1 in July and marking a 17-year high
EURINR
SELL EURINR SEP @ 103 SL 103.3 TGT 102.7-102.5.
Observations
EURINR trading range for the day is 102.45-103.17.
Euro dropped as investor focus shifted to mounting fiscal concerns.
Eurozone Services PMI was reported at 50.5 in August 2025, a decrease from July’s four-month high of 51.0.
Germany Services PMI was reported at 49.3 in August 2025, a notable drop from July's 50.6.
GBPINR
SELL GBPINR SEP @ 118.45 SL 118.75 TGT 118.1-117.9.
Observations
GBPINR trading range for the day is 117.61-118.63.
GBP dropped amid a sharp rise in long-dated UK government bond yields due to concerns over the country’s fiscal outlook.
UK Services PMI was revised upward to 54.2 in August 2025 from a preliminary estimate of 53.6, accelerating from 51.8 in July.
UK S&P Global Composite PMI was revised slightly higher to 53.5 in August 2025 from an initial estimate of 53.0, up from 51.5 in July.
JPYINR
SELL JPYINR SEP @ 59.6 SL 59.9 TGT 59.3-59.
Observations
JPYINR trading range for the day is 58.99-59.89.
JPY dropped as political uncertainty pressured the currency.
Japan Services PMI stood at 53.1 in August 2025, above the flash estimate of 52.7 but down from July’s 53.6.
Japan Composite PMI stood at 52.0 in August 2025, slightly above the flash estimate of 51.9 and up from 51.6 in the previous month.
