BUY USDINR MAR @ 92.6 SL 92.4 TGT 92.8-92.95. - Kedia Advisory
USDINR
BUY USDINR MAR @ 92.6 SL 92.4 TGT 92.8-92.95.
Observations
USDINR trading range for the day is 92.26-93.02.
Rupee fell to its lifetime low as the raging conflict in the Middle East kept oil prices elevated, raising economic risks for India.
Traders monitored the RBI’s auction of 340 billion rupees in 91-, 182-, and 364-day treasury bills.
India's wholesale price inflation reached an 11-month high of 2.13% in February.
EURINR
BUY EURINR MAR @ 107 SL 106.7 TGT 107.3-107.5.
EURINR trading range for the day is 106.51-107.43.
Euro gains amid renewed optimism as decline in oil prices helped lift market sentiment.
ECB kept interest rates unchanged at its March 2026 meeting, reaffirming its commitment to stabilizing inflation at 2% in the medium term.
German investor morale plunged in March amid fears that rising prices could derail the country’s recovery.
GBPINR
BUY GBPINR MAR @ 123.9 SL 123.6 TGT 124.2-124.5.
Observations
GBPINR trading range for the day is 123.24-124.34.
GBP gains as investors waited for a heavy slate of central bank meetings, including the Bank of England.
The Bank of England unanimously voted to keep the Bank Rate at 3.75% in March 2026
Manufacturing production in the UK edged up by 0.1% month-on-month in January 2026, rebounding from a 0.5% fall in the previous month
JPYINR
BUY JPYINR MAR @ 58 SL 57.8 TGT 58.25-58.5.
JPYINR trading range for the day is 19.36-19.36.
JPY steadied as investors looked ahead to the meeting between Prime Minister Sanae Takaichi and US President Donald Trump this week.
The Bank of Japan kept its key short-term interest rate unchanged at 0.75% at its March 2026 policy meeting
Japan’s trade surplus plunged to JPY 57.3 billion in February 2026 from JPY 559.2 billion a year earlier.
