Sell USDINR Jun @ 94.7 SL 94.9 TGT 94.5-94.3. - Kedia Advisory
USDINR
SELL USDINR JUN @ 94.7 SL 94.9 TGT 94.5-94.3.
Observations
USDINR trading range for the day is 94.14-94.8.
Rupee strengthened as a sharp decline in crude oil prices improved India's import outlook.
Global commodity prices likely to remain elevated amid easing West Asia tensions; India's WPI seen at 7-8% in FY27
Goldman Sachs cuts India's 2026 CAD forecast to 1.3% of GDP
EURINR
SELL EURINR JUN @ 109.8 SL 110.1 TGT 109.5-109.2.
Observations
EURINR trading range for the day is 109.39-110.11.
Euro steadied as investors awaited details of the US-Iran peace agreement and the Federal Reserve’s monetary policy outlook.
Global sentiment improved on a sharp drop in oil prices, with markets on edge ahead of Friday’s signing of the US-Iran deal.
Eurozone consumer price inflation held at 3.2% in May 2026, the highest since September 2023 and well above the ECB’s 2.0% target.
GBPINR
SELL GBPINR JUN @ 127 SL 127.3 TGT 126.6-126.4.
Observations
GBPINR trading range for the day is 126.48-127.18.
GBP edges lower as traders digested a softer-than-expected inflation report ahead of the Bank of England’s monetary policy decision
UK consumer price inflation unexpectedly held steady at 2.8% in May, below expectations of a rise to 3%.
Investors expect only a single rate increase this year, with a 25bps rise not fully anticipated until December.
JPYINR
SELL JPYINR JUN @ 59.3 SL 59.5 TGT 59.1-58.9.
Observations
JPYINR trading range for the day is 19.77-19.77.
JPY remaining under pressure despite stronger-than-expected trade data and a recent interest rate increase by the central bank.
Japan’s trade deficit narrowed sharply to JPY 378.7 billion in May 2026 from JPY 662.5 billion a year earlier, well below market expectations
Japan’s core machinery orders, rose by 8.7% month-on-month to JPY 1,098.5 billion in April 2026
