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USDINR

SELL USDINR JUN @ 94.8 SL 95 TGT 94.6-94.4.

Observations

USDINR trading range for the day is 94.05-95.07.

Rupee snapped a six-day-long run of gains, as the dollar hovered near a one-year peak even as a retreat in oil prices soothed worries.

India's foreign exchange reserves fell to $671.63 billion as of June 12, compared with $681.61 billion a week earlier.

Futures implied tightening of around 38 basis points by the year-end.

EURINR

SELL EURINR JUN @ 108.6 SL 108.9 TGT 108.3-108.

Observations

EURINR trading range for the day is 107.75-109.09.

Euro steadied as investors assessed developments in the Middle East and the possibility of a political leadership change in the UK.

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.

Eurozone’s current account surplus fell to €14.88 billion in April 2026, down from €20.84 billion a year earlier, driven by a drop in the goods surplus to €14.25 billion

GBPINR

SELL GBPINR JUN @ 125.4 SL 125.7 TGT 125.1-124.8.

Observations

GBPINR trading range for the day is 124.43-125.83.

GBP steadied amid political uncertainty, shifting global risk appetite, and stronger-than-expected UK retail sales data.

Retail sales volumes rose 1.2% in May, though investors also had to process showing British government borrowing jumped more sharply than expected.

BOE left interest rates steady and while two of its nine rate-setters voted to tighten policy, most others appeared some way from voting for a hike.

JPYINR

SELL JPYINR JUN @ 58.7 SL 59 TGT 58.4-58.2.

Observations

JPYINR trading range for the day is 58.52-58.72.

JPY weakened as repeated verbal interventions from Tokyo failed to halt the currency’s decline.

FM Katayama said authorities stood ready to take appropriate action against excessive currency moves at any time, echoing earlier warnings.

The latest drop came despite the BOJ’s ongoing policy normalization, including a 25-basis-point interest rate increase to 1% last week.