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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 94.2-95.12.

Rupee cushioned by central bank hand even as dollar strength dents Asia currencies

RBI Chief Malhotra said that the central bank was watching for second-round effects of higher oil prices on inflation in the broader economy.

RBI Chief Malhotra reiterated that the RBI does not target any level for the rupee and instead intervenes only to curb disorderly moves in the FX market.
 

EURINR

SELL EURINR JUN @ 107.5 SL 107.8 TGT 107.2-107.

Observations

EURINR trading range for the day is 106.96-108.42.

Euro weakened on broad US dollar strength amid expectations that the Fed will raise interest rates later this year following hawkish comments.

Germany’s Ifo Business Climate Index increased to 85.6 in June 2026, the highest in three months, compared to an upwardly revised 85 in May.

Private sector activity in Germany contracted at the fastest pace since 2024, while the Euro Area also remained in contraction territory.

GBPINR

SELL GBPINR JUN @ 124.5 SL 124.8 TGT 124.2-124.

Observations

GBPINR trading range for the day is 123.6-125.76.

GBP weakened as investors balanced easing political uncertainty with weaker UK economic data.

Investors welcomed signs that a prolonged Labour leadership contest was becoming less likely after Keir Starmer announced his resignation.

June flash PMI data showed a weaker picture, with the composite index falling to a 14-month low of 49.4, below expectations.

JPYINR

SELL JPYINR JUN @ 58.8 SL 59 TGT 58.6-58.4.

Observations

JPYINR trading range for the day is 58.48-59.38.

JPY dropped despite repeated verbal intervention from officials provided little support for the currency.

BOJ’s Summary of Opinions showed policymakers generally viewed it as appropriate to continue raising the policy interest rate

FM Katayama said held talks with US Treasury Secretary Bessent, reaffirming a shared commitment to coordinate in foreign exchange markets if necessary.