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 94.29-94.91.
Rupee rose as underlying sentiment remained supportive, while traders awaited details of the U.S.–Iran peace agreement.
India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blow
India's unemployment rate saw an increase in May, reaching 5.5%.
EURINR
SELL EURINR JUN @ 110 SL 110.3 TGT 109.7-109.4.
Observations
EURINR trading range for the day is 109.53-110.13.
Euro dropepd as investors awaited greater clarity on the US-Iran peace agreement and a series of major central bank decisions.
Germany’s ZEW Indicator of Economic Sentiment rose 20.7 points to 10.5 in June 2026.
Wages and salaries in the Euro Area increased 3.4% yoy in the first quarter of 2026.
GBPINR
SELL GBPINR JUN @ 127.25 SL 127.6 TGT 126.8-126.5.
Observations
GBPINR trading range for the day is 126.75-127.29.
GBP steadied following the US and Iran’s preliminary agreement to end their three-month conflict.
Manufacturing production in the UK rose by 0.4% month-over-month in April 2026, beating market expectations for a 0.2% decline
The United Kingdom trade deficit declined to £8.44 billion in April 2026, down from £9.66 billion in the previous month.
JPYINR
SELL JPYINR JUN @ 59.3 SL 59.5 TGT 59.1-58.9.
Observations
JPYINR trading range for the day is 59.1-59.4.
JPY steadied as traders increased short positions amid persistent carry trades.
BOJ lifted its key short-term interest rate by 25 basis points to 1.0%, the highest level since September 1995.
Policymakers stated that they will continue raising rates as warranted by economic, price, and financial developments.
