Buy GBPINR Mar @ 112.3 SL 112 TGT 112.6-112.8 - Kedia Advisory
USDINR
BUY USDINR MAR @ 87 SL 86.9 TGT 87.15-87.25.
Observations
USDINR trading range for the day is 86.71-87.57.
Rupee ended stronger, as dollar declined amid worries about a slowing U.S. economy and back-and-forth in tariff policies.
India central bank announces over $21 billion liquidity infusion to support growth
The HSBC India Services PMI was revised lower to 59.0 in February 2025 from 61.6 in the flash reading.
EURINR
BUY EURINR MAR @ 94.4 SL 94.2 TGT 94.65-94.8.
Observations
EURINR trading range for the day is 93.91-94.89.
Euro gains after the ECB delivered a widely expected 25bps rate cut and acknowledged that monetary policy is becoming less restrictive.
Economic growth forecasts were revised downward to 0.9% for and 1.2% for 2026, reflecting weak exports and investment.
Factory orders in Germany tumbled 7.0% from the prior month in January 2025, reversing a downwardly revised 5.9% growth in December.
GBPINR
BUY GBPINR MAR @ 112.3 SL 112 TGT 112.6-112.8.
Observations
JPYINR
BUY JPYINR MAR @ 59 SL 58.8 TGT 59.2-59.4.
Observations
JPYINR trading range for the day is 58.87-59.59.
JPY strengthened amid increased safe-haven demand, driven by the escalating global trade war.
JPY have been supported by strong expectations that BOJ will continue raising interest rates this year.
Japan is set to officially declare the end of long-term deflation, Economy Minister Ryosei Akazawa said.
