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USDINR

SELL USDINR JUN @ 95.3 SL 95.5 TGT 95.1-94.9.

Observations

USDINR trading range for the day is 94.91-95.43.

Rupee strengthened, reaching three-week highs as sustained intervention by the Reserve Bank of India boosted confidence in the currency.

India’s economy could face rising pressure in 2026-27 as global uncertainties mount – RBI

Inflation is projected at 4.6% in FY27, though risks remain on the upside if global fuel and commodity prices spike - RBI

EURINR

SELL EURINR JUN @ 111.2 SL 111.5 TGT 110.9-110.7.

Observations

EURINR trading range for the day is 110.78-111.48

Euro steadied as investors are closely monitoring developments in the Middle East conflict while processing a range of economic data from Europe.

ECB minutes indicated that some policymakers would have supported an April rate hike if proposed, reinforcing expectations of a 25-basis-point increase.

German retail sales fell less than expected in April, decreasing by 0.3% compared with the previous month.

GBPINR

SELL GBPINR JUN @ 128.25 SL 128.6 TGT 127.8-127.5.

Observations

GBPINR trading range for the day is 127.75-128.73.

GBP edged higher as investors are closely watching Middle East developments, where US and Iran negotiations to extend the ceasefire.

UK house prices fell 0.6% in May, sharper than the expected 0.1% decline and the largest monthly drop since June 2025.

The UK Nationwide House Price Index rose 1.7% year-on-year in May 2026, easing from a 3.0% increase in April

JPYINR

SELL JPYINR JUN @ 60.1 SL 60.3 TGT 59.9-59.7.

Observations

JPYINR trading range for the day is 60.02-60.02.

JPY steadied as participants are now awaiting remarks from BOJ Ueda for further insight into the central bank’s policy outlook.

Japan Manufacturing PMI was confirmed at 54.5 in May 2026, matching the preliminary estimate and following a reading of 55.1 in April.

Japanese companies' spending on plant and equipment was unchanged from a year earlier in Q1 2026, reversing from a 6.5% increase in the previous quarter.