Sell JPYINR SEP @ 60 SL 60.2 TGT 59.8-59.6. - Kedia Advisory
USDINR
BUY USDINR SEP @ 88.2 SL 88.05 TGT 88.35-88.45.
Observations
USDINR trading range for the day is 88.03-88.51.
Rupee fell following the US announcement of a one-time fee on H-1B visa applicants.
India’s Commerce Minister Goyal is scheduled to visit Washington for trade talks on Monday.
Fed’s Daly stated that the interest rate cut was aimed at bolstering the slowing US labor market.
EURINR
BUY EURINR SEP @ 103.9 SL 103.6 TGT 104.2-104.5.
Observations
EURINR trading range for the day is 103.29-104.45.
Euro steadied as investors looked ahead to the HCOB flash PMI survey, monetary indicators, and a series of speeches from ECB and Fed officials.
ECB signaled its rate-cutting cycle may be over, with policymakers warning of persistent inflation risks linked to tariffs, services, food prices, and fiscal policy.
The Eurozone’s current account surplus narrowed to EUR 35 billion in July 2025 from EUR 39.3 billion a year earlier.
GBPINR
SELL GBPINR SEP @ 119.5 SL 119.8 TGT 119.2-119.
Observations
GBPINR trading range for the day is 118.49-119.77.
GBP steadied amid concerns that UK Finance Minister Reeves may not be able to keep her budget under control.
The latest public finance figures showed that public sector net borrowing hit £18 billion, the highest for the month in five years.
The BoE voted to keep interest rates on hold at 4.0% amid an uncertain growth outlook and a weaker jobs market.
JPYINR
SELL JPYINR SEP @ 60 SL 60.2 TGT 59.8-59.6.
Observations
JPYINR trading range for the day is 59.64-60.2.
JPY dropped as the greenback strengthened ahead of fresh remarks from Federal Reserve officials and a key US inflation reading.
The BOJ kept its policy rate unchanged at 0.5% for a fifth consecutive, as expected.
The economy is recovering moderately but flagged pockets of weakness and warned of risks from global trade policies.
