SELL USDINR JUL @ 96.7 SL 96.9 TGT 96.5-96.3 - Kedia Advisory
USDINR
SELL USDINR JUL @ 96.7 SL 96.9 TGT 96.5-96.3.
Observations
USDINR trading range for the day is 96.37-96.79.
Rupee was little changed enduring pressure on account of a searing rally in oil prices and likely central bank intervention in the foreign exchange market.
RBI said the economy remained resilient despite growing risks from the war in Iran and a weak monsoon, according to its July 2026 State of the Economy report
Governor Sanjay Malhotra said inflation pressures are "largely supply-side" and added that it is "premature to discuss monetary tightening."
EURINR
SELL EURINR JUL @ 110.3 SL 110.6 TGT 110-109.7.
Observations
EURINR trading range for the day is 109.95-110.61.
Euro steadied as rising oil prices and escalating tensions in the Middle East weighed on sentiment.
ECB left its key interest rates unchanged at its July meeting, following a 25-basis-point increase in June, the first-rate hike in three years
France’s manufacturing business climate index edged up to 101 in July 2026 from 100 in June, in line with market expectations.
GBPINR
SELL GBPINR JUL @ 130 SL 130.3 TGT 129.7-129.4.
Observations
GBPINR trading range for the day is 129.51-130.25.
GBP steadied after John Healey was appointed as Britain's new finance minister, with investors awaiting fresh signals on the government's fiscal policy.
Investors fretted over whether Burnham's early remarks on becoming prime minister suggested he would adopt a looser fiscal policy.
British annual wage growth held at 3.4% in the three months to May, matching forecasts.
