SELL JPYINR SEP @ 62 SL 62.2 TGT 61.8-61.6 - Kedia Advisory
USDINR
BUY USDINR SEP @ 95.5 SL 95.3 TGT 95.7-95.9.
Observations
USDINR trading range for the day is 95.36-96.12.
Rupee fell as a sharp rise in oil prices heaped pressure on Indian markets even as central bank intervention limited the currency's decline.
U.S. Treasury yields rose to multi-year highs, adding pressure on risk assets as investors price in more policy tightening from central banks across the globe.
Dollar-rupee forward premiums nudged higher after the central bank likely conducted dollar-rupee sell/buy swaps for a third straight session.
EURINR
SELL EURINR SEP @ 111.1 SL 111.4 TGT 110.8-110.5.
Observations
EURINR trading range for the day is 110.79-111.59.
Euro steadied after the ECB raised rates as expected and upgraded its inflation and growth forecasts
ECB might need to raise interest rates further and bring them to a level that mildly curbs the economy, policymaker Nagel said.
ECB delivered its second rate hike since the US-Iran war began, warning that inflation is likely to remain well above its 2% target for an extended period.
GBPINR
SELL GBPINR SEP @ 129.4 SL 129.7 TGT 129.1-128.9.
Observations
GBPINR trading range for the day is 129-129.84.
GBP pared gains despite growing expectations for further BOE rate hikes amid mounting inflation concerns.
The UK economy expanded 0.4% month-on-month in July 2026, picking up from 0.3% growth in June and defying expectations of stagnation.
Manufacturing production in the UK grew by 0.9% month-on-month in July 2026, surpassing market expectations for a 0.2% rise.
JPYINR
SELL JPYINR SEP @ 62 SL 62.2 TGT 61.8-61.6.
Observations
JPYINR trading range for the day is 61.73-62.13.
JPY weakened as the dollar recovered after data showed US producer inflation accelerated in August, bolstering bets for a Fed rate hike.
Japan’s producer prices rose 7.6% year-on-year in August 2026, following an upwardly revised 7.7% increase in the prior month.
Japan’s Business Survey Index for large manufacturers rose to 7.6% in the third quarter of 2026 from -1.8% in Q2.
