SELL USDINR JUL @ 85.9 SL 86.1 TGT 85.75-85.65 - Kedia Advisory
USDINR
SELL USDINR JUL @ 85.9 SL 86.1 TGT 85.75-85.65.
Observations
USDINR trading range for the day is 85.41-86.15.
Rupee slipped to end the month amid muted portfolio inflows and weighed down by the country’s external investment deficit.
India’s fiscal deficit stood at INR 0.13 trillion in April-May 2025–26, down from INR 0.51 trillion in the same period a year earlier.
India's industrial production expanded by 1.2% from the previous year in May of 2025.
EURINR
SELL EURINR JUL @ 101 SL 101.3 TGT 100.7-100.4.
Observations
EURINR trading range for the day is 100.14-101.24.
Euro gained benefiting from a general dollar weakness, as traders continue to assess the situation in the Middle East.
Retail sales in Germany dropped by 1.6% month-over-month in May 2025, missing market estimates of a 0.5% growth.
Germany’s import prices decreased by 1.1% year-on-year in May 2025, worse than market forecasts of a 0.8% fall and April’s drop of 0.4%.
GBPINR
SELL GBPINR JUL @ 117.8 SL 118.1 TGT 117.5-117.2.
Observations
GBPINR trading range for the day is 117.31-117.95.
GBP recovered from lows as a new UK-US trade deal took effect.
The agreement reduces tariffs on British car exports from 27.5% to 10% and eliminates duties on aerospace goods like engines and aircraft parts.
The British economy expanded 1.3% year-on-year in the first quarter of 2025.
JPYINR
SELL JPYINR JUL @ 59.75 SL 60 TGT 59.5-59.25.
Observations
JPYINR trading range for the day is 59.41-59.83.
JPY dropped on profit booking after some support seen amid a more dovish Federal Reserve outlook, mounting fiscal concerns.
Japan’s industrial production increased by 0.5% month-over-month in May 2025, shifting from a 1.1% drop in the previous month.
investors are focused on BOJ’s upcoming quarterly Tankan survey on Tuesday for fresh insights into corporate sentiment
