SELL USDINR JUN @ 95.6 SL 95.8 TGT 95.4-95.2 - Kedia Advisory
USDINR
SELL USDINR JUN @ 95.6 SL 95.8 TGT 95.4-95.2.
Observations
USDINR trading range for the day is 95.01-95.95.
Rupee gains on a fall in oil prices, with expectations that regulatory measures will help India narrow its balance of payments deficit.
Fitch Ratings has reduced India's GDP growth projection to 6.4 percent for the current fiscal year.
India's current account surplus at $7.1 bn in Q4 FY26, aided by robust services exports and remittances
EURINR
SELL EURINR JUN @ 110.5 SL 110.8 TGT 110.2-110.
Observations
EURINR trading range for the day is 110.07-110.85.
Euro steadied as renewed Middle East tensions stoked fears of a prolonged Iran conflict, exacerbating inflation concerns and dampening growth prospects.
Germany’s trade surplus narrowed to €14.5 billion in April 2026 from an upwardly revised €14.7 billion in March.
Germany’s industrial production rose 0.4% month-on-month in April 2026, rebounding from a revised 0.1% decline in March.
GBPINR
SELL GBPINR JUN @ 127.8 SL 128.1 TGT 127.5-127.2.
Observations
GBPINR trading range for the day is 127.27-128.45.
GBP dropped largely because of the strength of the dollar, which benefitted from mounting expectations for U.S. rates to rise this year
UK retail sales increased by 3.7% YOY on a like-for-like basis in May 2026, exceeding market expectations for a 0.6% gain.
Data showed permanent staff placements fell the most in 10 months in May, with firms citing low confidence and rising costs
JPYINR
SELL JPYINR JUN @ 59.8 SL 60 TGT 59.6-59.4.
Observations
JPYINR trading range for the day is 59.71-59.91.
JPY dropped as the dollar held firm as Middle East tensions underpinned safe-haven demand.
BOJ is expected to raise interest rates later as policymakers contend with persistent inflationary pressures linked to elevated energy costs.
Japan’s current account surplus increased to JPY 3,907.8 billion in April 2026 from JPY 2,370.0 billion in the same month a year earlier.
