Sell USDINR SEP @ 88.45 SL 88.6 TGT 88.25-88.15 - Kedia Advisory
USDINR
SELL USDINR SEP @ 88.45 SL 88.6 TGT 88.25-88.15.
Observations
USDINR trading range for the day is 88.16-88.58.
Rupee gains as US inflation data meets expectations, boosting Fed rate cut bets.
India’s consumer price inflation accelerated to 2.07% in August 2025, up from an upwardly revised 1.61% in July,
broadly matching market expectations. Fitch raises GDP forecast to 6.9%, says reforms to boost consumption
EURINR
SELL EURINR SEP @ 103.7 SL 104 TGT 103.4-103.
Observations
EURINR trading range for the day is 103.5-103.9.
Euro gains after US inflation data aligned with forecasts, reinforcing expectations of a Fed rate cut next week.
Germany’s annual consumer price inflation rose to a five-month high of 2.2% in August 2025 from 2% in July.
ECB President Christine Lagarde noted the bank is in a solid position and that economic risks have become more balanced.
GBPINR
SELL GBPINR SEP @ 119.8 SL 120.1 TGT 191.5-19.2.
Observations
GBPINR trading range for the day is 119.4-120.12.
GBP remained supported despite after data signaled a weak start to the third quarter.
GDP stagnated in July as expected, but industrial production unexpectedly fell 0.9%, suggesting that tax hikes.
The Bank of England is set to decide on monetary policy next week, with no changes in interest rates anticipated after its August cut.
JPYINR
SELL JPYINR SEP @ 60.4 SL 60.7 TGT 60.1-59.8.
Observations
JPYINR trading range for the day is 59.91-60.61.
JPY gains after the US and Japan issued a joint statement reiterating that exchange rates should remain market-driven. Business sentiment in Japan improved in the third quarter, supported by a sharp rebound in exports. Japan’s producer prices rose 2.7% year-on-year in August 2025, accelerating from a marginally revised 2.5% increase in the previous month
