SELL USDINR JUN @ 86.55 SL 86.7 TGT 86.35-86.2. - Kedia Advisory
USDINR
SELL USDINR JUN @ 86.55 SL 86.7 TGT 86.35-86.2.
Observations
USDINR trading range for the day is 86.13-86.79.
Rupee declined on the back of persistent corporate hedging activity and elevated oil prices
ICRA projects India's real GDP growth to exceed 6.5% and GVA growth to surpass 6.3% for FY26.
India’s unemployment rate rises 5.6% in May from 5.1% in April
EURINR
SELL EURINR JUN @ 99.6 SL 99.8 TGT 99.4-99.2.
Observations
EURINR trading range for the day is 98.97-100.21.
Euro zone dropped as investors weighed rising geopolitical tensions in the Middle East.
The ZEW Indicator of Economic Sentiment for the Euro Area surged by 23.7 points from the prior month to 35.3 in June 2025.
The Eurozone’s trade surplus narrowed to €9.9 billion in April 2025, down from €13.6 billion a year earlier.
GBPINR
SELL GBPINR JUN @ 116.5 SL 116.8 TGT 116.2-115.9.
Observations
GBPINR trading range for the day is 115.81-116.81.
GBP dropped as escalating Middle East tensions drove investors toward safe-haven assets amid fears of a wider conflict.
The annual inflation rate in the UK edged down to 3.4% in May 2025 from 3.5% in April, matching expectations.
The United Kingdom's annual core inflation rate eased to 3.5% in May 2025 from a one-year high of 3.8% in the previous month.
JPYINR
SELL JPYINR JUN @ 59.9 SL 60.1 TGT 59.7-59.5.
Observations
JPYINR trading range for the day is 59.65-59.99.
JPY gained on short covering after fell amid series of disappointing economic indicators weighed on sentiment.
Japan's trade deficit decreased significantly to JPY 637.61 billion in May 2025 from JPY 1,225.17 billion in the same month last year.
Japan’s core machinery orders fell 9.1% month-over-month to ¥919 billion in April 2025, marking a sharp reversal from March’s 13% surge.
