SELL EURINR MAR @ 107.6 SL 107.9 TGT 107.3-107 - Kedia Advisory
USDINR
SELL USDINR MAR @ 91.15 SL 91.3 TGT 91-90.9.
Observations
USDINR trading range for the day is 90.98-91.22.
Rupee held steady as sentiment was supported by expectations of strong foreign inflows from upcoming state-run IPOs.
India's core infrastructure sectors expanded by 4.0% in January 2026, a slowdown from December's 4.7% growth.
India’s Q4 GDP data is expected to show that the economy expanded at an annualized pace of 7.2%.
EURINR
SELL EURINR MAR @ 107.6 SL 107.9 TGT 107.3-107.
Observations
EURINR trading range for the day is 107.2-107.96.
Euro dropped despite Euro zone business activity improved in February as manufacturing bounced back
Germany’s economy expanded by 0.3% in Q425, confirming preliminary estimates and marking a clear rebound from the stagnation recorded in the previous quarter.
Germany’s GfK Consumer Climate Indicator dropped to -24.7 heading into March 2026 from a marginally revised -24.2 in the prior period, missing market estimates of -23.1.
GBPINR
SELL GBPINR MAR @ 123.3 SL 123.6 TGT 123-122.8.
Observations
GBPINR trading range for the day is 122.84-123.48.
GBP gained as dollar slipped after President Trump offered no indication of altering his tariff policies in his State of the Union address.
Trump threatened higher tariffs on countries “playing games” after the Supreme Court blocked sweeping levies.
BoE’s Bailey says March rate cut is an “open question” as services inflation hits 4.4%, above the 4.1% projection
JPYINR
BUY JPYINR MAR @ 57.4 SL 57.2 TGT 57.6-57.8.
Observations
JPYINR trading range for the day is 57.23-57.63.
JPY dropped after reports that Prime Minister Sanae Takaichi expressed concern over further rate hikes.
The BOJ chief stated after their meeting last week that Takaichi made no specific requests during their discussion of the economy.
Japan Manufacturing PMI rose to 52.8 in February 2026 from 51.5 in January, marking the strongest expansion since May 2022.
