SELL USDINR JUN @ 86.1 SL 86.3 TGT 85.9-85.7 - Kedia Advisory
USDINR
SELL USDINR JUN @ 86.1 SL 86.3 TGT 85.9-85.7.
Observations
USDINR trading range for the day is 85.54-86.86.
Rupee gained amid bleeding Oil price follows the announcement of the Israel-Iran ceasefire by US President Trump.
India's private sector experienced a significant surge in June, reaching a 14-month high, fueled by robust manufacturing and services sectors.
Fed Governor Michelle Bowman showed openness to reducing interest rates in the July meeting, citing downside risks to employment
EURINR
SELL EURINR JUN @ 100 SL 100.25 TGT 99.7-99.5.
Observations
EURINR trading range for the day is 99.45-100.43.
Euro gains after President Trump announced a ceasefire between Israel and Iran, which both countries have confirmed.
The Ifo Business Climate indicator for Germany rose to 88.4 in June 2025, the highest in a year, compared to 87.5 in May
The European Central Bank's inflation target of 2% is in reach, ECB President Christine Lagarde said.
GBPINR
SELL GBPINR JUN @ 117.25 SL 117.55 TGT 116.9-116.6.
Observations
GBPINR trading range for the day is 116.44-117.68.
GBP gains as a ceasefire between Israel and Iran has reduced safe-haven demand.
UK economic data offered some support, with S&P Global’s flash composite PMI rising to 50.7 in June, slightly above expectations.
The BoE cited persistent inflation and geopolitical risks, warning of “two-sided risks” and expecting inflation to stay elevated through 2025.
JPYINR
SELL JPYINR JUN @ 59.5 SL 59.7 TGT 59.3-59.1.
Observations
JPYINR trading range for the day is 58.98-60.08.
JPY appreciated as the dollar weakened following announcement of a ceasefire agreement between Israel and Iran.
The central bank signaled openness to further rate hikes, citing persistent core inflation driven by firms passing wage gains onto prices.
Investors continued to evaluate the Bank of Japan’s policy stance.
