Sell USDINR Sep @ 88.3 SL 88.5 TGT 88.1-88 - Kedia Advisory
USDINR
SELL USDINR SEP @ 88.3 SL 88.5 TGT 88.1-88.
Observations.
USDINR trading range for the day is 87.96-88.32.
Rupee closed stronger, as expectations of Fed rate cut kept the dollar weak against most currencies.
India's unemployment rate witnessed a decline, reaching 5.1% in August 2025, signaling a positive trend in the labor market.
Fitch lifts 2025 global growth aim with a worrying rider, upgrades India forecast to 6.9% for FY26
EURINR
SELL EURINR SEP @ 104 SL 104.3 TGT 103.7-103.4.
Observations.
EURINR trading range for the day is 103.68-104.42.
Euro gained as investors continued to assess the global outlook.
Euro Area exports increased 0.4% year-on-year to €251.5 billion in July 2025, marking their highest level since March.
Markets closely watched for developments in US-China trade talks in Spain.
GBPINR
SELL GBPINR SEP @ 120.2 SL 120.6 TGT 119.8-119.5.
Observations.
GBPINR trading range for the day is 119.9-120.42.
GBP gained as markets await a busy week of central bank decisions and UK data.
The number of employed people in the United Kingdom rose by 232 thousand in the three months to July 2025.
The number of payrolled employees in the United Kingdom decreased by 8 thousand to 30.3 million in August 2025
JPYINR
SELL JPYINR SEP @ 60.2 SL 60.5 TGT 59.9-59.7.
Observations.
JPYINR trading range for the day is 59.86-60.42.
JPY gains as the dollar eased ahead of an expected Federal Reserve rate cut.
Markets are almost fully pricing in a 25 basis point reduction, with a total of 67 bps of easing projected for the year.
Bank of Japan will set policy and is widely expected to keep rates unchanged at 0.5%
