SELL USDINR JUN @ 95.8 SL 96 TGT 95.6-95.4. - Kedia Advisory
USDINR
SELL USDINR JUN @ 95.8 SL 96 TGT 95.6-95.4.
Observations
USDINR trading range for the day is 95.02-96.16.
Rupee edged down as a broad selloff in Asian equities and a spike in global crude prices halted its upward momentum.
India's economy grew at an unexpectedly strong 7.8% on-year in the January-March quarter, the government said.
India's foreign exchange reserves fell to a more than one-year low of $681.4 billion, from $688.89 billion a week earlier - RBI
EURINR
SELL EURINR JUN @ 110.6 SL 110.9 TGT 110.3-110.
Observations
EURINR trading range for the day is 109.75-111.01.
Euro dropped as euro zone private sector activity shrank at the fastest rate in 18 months in May.
Investors braced for a likely European Central Bank rate hike, while cautiously eyeing potential progress in Middle East resolution efforts.
Markets now see a near-certain 25-basis-point ECB rate increase at the June 11 meeting, with two or possibly three hikes expected this year
GBPINR
SELL GBPINR JUN @ 128 SL 128.3 TGT 127.7-127.4.
Observations
GBPINR trading range for the day is 126.9-128.54.
GBP dropped as investors turned to the US dollar following stronger-than-expected US jobs data.
Bank of England's Bailey says public must be given confidence in 2% inflation target
BOE’s Taylor said interest rates at their current level were restrictive for the economy and he did not see the need for an increase.
JPYINR
SELL JPYINR JUN @ 60 SL 60.25 TGT 59.75-59.5.
Observations
JPYINR trading range for the day is 60-60.
JPY dropped as a stronger US dollar gained support from a better-than-expected US jobs report.
Japan’s current account surplus increased to JPY 3,907.8 billion in April 2026 from JPY 2,370.0 billion in same month a year earlier.
Japan’s economy expanded at an annualized rate of 1.8% in Q1 2026, revised lower from the preliminary estimate of 2.1%
