SELL JPYINR SEP @ 60.2 SL 60.4 TGT 60-59.8 - Kedia Adviosry
USDINR
BUY USDINR SEP @ 95.7 SL 95 TGT 95.5-95.3.
Observations
USDINR trading range for the day is 95.37-95.87.
Rupee remained in tight range as persistent Reserve Bank of India intervention and steady importer dollar demand kept the currency anchored.
Global ratings agency S&P affirmed India's sovereign ratings at "BBB/A-2" with a "stable" outlook
India's economic growth likely slowed to 7.1% in the April-June quarter from a year earlier, reflecting softer private investment.
EURINR
SELL EURINR SEP @ 111.6 SL 111.9 TGT 111.3-111.
Observations
EURINR trading range for the day is 111.31-111.97.
Euro remained in range amid renewed doubts that an agreement to reopen the Strait of Hormuz could be reached in the near future.
Growth in negotiated wages in the euro zone slowed in the second quarter of the year, European Central Bank data showed.
Euro zone consumers trimmed their inflation expectations for the third month on the trot in July.
GBPINR
SELL GBPINR SEP @ 130.25 SL 130.6 TGT 129.8-129.5.
Observations
GBPINR trading range for the day is 129.82-130.6.
GBP steadied as investors pared expectations for an interest rate hike by the Bank of England this year.
Bank of England's Pill sees risk of 'insidious' build – up of inflation pressures
UK Services PMI rose to 52.8 in August 2026 from 52.1 in July, contrasting with market forecasts of 51.8, flash estimates showed.
JPYINR
SELL JPYINR SEP @ 60.2 SL 60.4 TGT 60-59.8.
Observations
JPYINR trading range for the day is 20.06-20.06.
JPY remained in range amid rising fiscal concerns in Japan and elevated oil prices linked to the Middle East conflict
Core consumer prices in Tokyo’s central wards rose 1.8% yoy in August 2026, following a downwardly revised 1.7% gain in July.
Japan's unemployment rate edged down to 2.4% in July 2026 from 2.5% in each of the previous three months.
