Buy JPYINR Apr @ 54.8 SL 54.6 TGT 55.05-55.25 - Kedia Advisory
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Currency.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
USDINR
Observations
USDINR trading range for the day is 83.4-83.58.
Rupee fell pressured by dollar demand from importers, while likely intervention from RBI curb losses.
The HSBC India Services PMI was revised higher to 61.2 in March 2024
The HSBC India Composite PMI was revised upward to 61.8 in March 2024
SELL USDINR APR @ 83.55 SL 83.65 TGT 83.4-83.3.
EURINR
Observations
EURINR trading range for the day is 90.16-90.98.
Euro gains as investors digested comments from multiple Federal Reserve officials
Fed Chair Powell emphasized the necessity of acquiring further data before considering policy adjustments.
The HCOB Spain Composite PMI surged to 55.3 in March 2024 from 53.9 in February
SELL EURINR APR @ 90.7 SL 90.9 TGT 90.5-90.3.
GBPINR
Observation
GBPINR trading range for the day is 103.58-106.58.
GBP gains as recent economic indicators in UK have shown that the economy is on track to return to growth
The S&P Global UK Services PMI eased to 53.1 in March of 2024 from 53.8 in the earlier month
The S&P Global UK PMI Composite PMI was slightly revised down to 52.8 in March from 52.9
SELL GBPINR APR @ 105.5 SL 105.8 TGT 105.2-105.
JPYINR
Observations
JPYINR trading range for the day is 52.3-56.84.
JPY stabilized as investors avoided making big bets while awaiting clearer signals.
Finance Minister Shunichi Suzuki reiterated warnings against sharp currency declines
The Bank of Japan's Tankan index of sentiment among large manufacturers fell to plus 11 in the first quarter of 2024
BUY JPYINR APR @ 54.8 SL 54.6 TGT 55.05-55.25.
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v89_Wex0B3E.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Zomato07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Piyush Goyal07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v38_zDiylqc.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Prashant Thakur ANAROCK Group.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v152_BhgJWbe.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
Rupee depreciated yesterday amid dollar demand from importers and rise in crude oil prices -...
![The USDINR March futures traded on a neutral bias and hovered around the 83.00 mark throughout the session - Axis Securities Ltd](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities.jpg)
![The USD/INR futures pair has support at 83.00 levels whereas resistance is placed at 83.40 levels - Monarch Networth Capital](https://portfolio.investmentguruindia.com/uploads/news/Monarch Networth Capital.jpg)
![The GBP/INR futures pair has support at 104.80 levels whereas resistance is placed at 105.10 levels - Monarch Networth Capital](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.jpg)