Sell USDINR JUN @ 95.25 SL 95.5 TGT 95-94.75. - Kedia Advisory
USDINR
SELL USDINR JUN @ 95.25 SL 95.5 TGT 95-94.75.
Observations
USDINR trading range for the day is 94.61-95.91.
Rupee strengthened to around 95.2, recovering from previous-session losses as lower crude oil prices improved sentiment.
President Donald Trump suggested a peace agreement with Iran could be reached as early as the weekend.
India's economic growth forecast for FY27 has been raised to 6.6 percent by the World Bank.
EURINR
SELL EURINR JUN @ 110.5 SL 110.8 TGT 110.1-109.8.
Observations
EURINR trading range for the day is 109.78-111.
Euro dropped amid Rupee firmness after supported by falling oil prices as President Trump halted plans for further strikes on Iran.
Germany’s annual inflation rate rose 2.6% in May 2026, easing from a two-year high of 2.9% in the previous month.
France’s annual inflation rate rose to 2.4% in May 2026, picking up from 2.2% in April, confirming preliminary estimates.
GBPINR
SELL GBPINR JUN @ 128 SL 128.3 TGT 127.7-127.5.
Observations
GBPINR trading range for the day is 127.04-128.64.
GBP dropped as the UK economy contracted for the first time in eight months, highlighting the impact of the Iran conflict on activity.
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 @ 60 SL 60.2 TGT 59.8-59.6.
Observations
JPYINR trading range for the day is 59.92-59.92.
JPY weakened as investors awaited the Bank of Japan's policy meeting next week, where it is widely expected to raise interest rates.
The Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs
Japan's economy remains particularly exposed to geopolitical tensions in the Middle East due to its heavy dependence on oil imports from the region.
