Sell USDINR Sep @ 88 SL 88.15 TGT 87.8-87.65 - Kedia Advisory
USDINR
SELL USDINR SEP @ 88 SL 88.15 TGT 87.8-87.65.
Observations.
USDINR trading range for the day is 87.61-88.19.
Rupee rose boosted by a slump in the U.S. dollar ahead of Fed rate cut and optimism over U.S.-India trade talks.
Dollar-rupee far forward premiums continued to nudge higher on the back of a decline in near-tenor U.S. Treasury yields.
India’s overall exports increased by 6.2%, to USD 349.35 billion during April-August 2025
EURINR
SELL EURINR SEP @ 104.15 SL 104.4 TGT 103.8-103.6.
Observations
EURINR trading range for the day is 103.67-104.95.
Euro steadied as investors awaited the Fed policy announcement and updated economic projections.
ECB’s Schnabel urged policymakers to “keep a steady hand,” citing risks from tariffs, services inflation, food prices, and fiscal policy.
Slovak central bank governor Peter Kazimir echoed the warning, saying it would be “a mistake” to downplay these risks.
GBPINR
SELL GBPINR SEP @ 120 SL 120.3 TGT 119.7-119.4.
Observations
GBPINR trading range for the day is 119.56-120.38.
GBP dropped on profit booking as traders awaited key central bank decisions.
The UK’s annual inflation rate held steady at 3.8% in August 2025 remaining near the highs last seen in January 2024.
The UK’s annual core inflation rate eased to 3.6% in August 2025 from 3.8% in the previous month, marking the lowest reading since May
JPYINR
SELL JPYINR SEP @ 60.2 SL 60.5 TGT 59.9-59.7.
Observations
JPYINR trading range for the day is 59.97-60.29.
JPY remained in range after soft trade data reignited concerns over Japan’s export-reliant economy.
Exports fell 0.1% in August, less than expected but still the fourth consecutive monthly decline.
BOJ is expected to keep rates steady at 0.5% as policymakers weigh domestic and external risks, including tariffs.
