Sell USDINR SEP @ 96 SL 96.2 TGT 95.8-95.6 - Kedia Advisory
USDINR
SELL USDINR SEP @ 96 SL 96.2 TGT 95.8-95.6.
Observations
USDINR trading range for the day is 95.61-96.17.
Rupee strengthened, rebounding from seven-week lows as easing crude oil prices, and likely RBI intervention supported the currency.
India’s merchandise exports advanced 26.12 per cent to USD 43.81 billion in August.
The estimated value of India’s services export for August 2026 reached US$ 38.87 Billion, in contrast to US$ 31.19 Billion in August 2025.
EURINR
SELL EURINR SEP @ 110.3 SL 110.6 TGT 110-109.7.
Observations
EURINR trading range for the day is 109.88-110.68.
Euro steadied as raising concerns among investors about whether the central bank will be able to sustain its tightening cycle.
Germany’s producer prices advanced 4.6% year-on-year in August 2026, marking the fifth straight month of producer price growth.
Markets are pricing in around a 40% chance of a rate hike from the ECB at its October meeting, while three quarter-point hikes are fully priced in by June of next year.
GBPINR
SELL GBPINR SEP @ 128.5 SL 128.8 TGT 128.2-127.9.
Observations
GBPINR trading range for the day is 128.01-128.55.
GBP dropped as BOE warned that rates could need to rise if inflationary pressures intensify due to the conflict in the Middle East.
UK retail sales volumes rose 0.5% month-on-month in August 2026, defying market expectations of a 0.2% fall and rebounding from a 0.5% decline in July.
Barclays revised its Bank of England policy call and now expects the central bank to raise interest rates by 25 basis points in November.
JPYINR
BUY JPYINR SEP @ 60.6 SL 60.4 TGT 60.8-61.
Observations
JPYINR trading range for the day is 60.21-61.27.
JPY dropped as expected BOJ raised its policy rate 25bps to 1.25% from 1.00%, the highest level in 31 years.
Bank of Japan says it will continue to raise policy rates based on economic and price developments and on financial conditions.
Japan’s core consumer price index, which excludes fresh food but includes energy, increased 1.7% yoy in August 2026, after a 1.8% rise in July.
