Sell EURINR MAR @ 107.8 SL 108.1 TGT 107.5-107.3 - Kedia Advisory
USDINR
BUY USDINR MAR @ 91.6 SL 91.4 TGT 91.8-92.
Observations
USDINR trading range for the day is 91.01-92.01.
Rupee slid to its weakest level in a month as the Iran war hurt risk assets and lifted oil prices.
India's GST collections rise 8.1% YoY to Rs 1.83 lakh crore in February
India’s GDP growth slows to 7.8% in Q3 FY26 from 8.4% in Q2 but beats poll estimates after a base year reset to 2022–23.
EURINR
SELL EURINR MAR @ 107.8 SL 108.1 TGT 107.5-107.3.
Observations
EURINR trading range for the day is 106.47-108.83.
Euro fell as investors sought safety to dollar after the U.S. and Israel bombed Iran.
Currency also faced pressure from surging energy prices, with Europe poised to secure significant natural gas supplies just as prices spike higher.
Data showed inflation in Germany came in below forecasts in February, while price growth accelerated in France and Spain.
GBPINR
SELL GBPINR MAR @ 123 SL 123.3 TGT 122.7-122.5.
Observations
GBPINR trading range for the day is 121.74-123.72.
GBP settled flat as a resurgent US dollar gained support from a flight to safety amid escalating tensions in the Middle East.
Pressure on the currency was compounded by mounting domestic political uncertainty following Labour’s shock defeat in Gorton and Denton.
Markets are now focusing on a new batch of domestic data due this week, including house prices, BoE consumer credit, mortgage approvals.
JPYINR
SELL JPYINR MAR @ 58.6 SL 58.8 TGT 58.4-58.2.
Observations
JPYINR trading range for the day is 58.34-58.84.
JPY dropped as the dollar strengthened following US and Israeli strikes on Iran over the weekend.
Japan Manufacturing PMI rose to 53 in February 2026 from 51.5 in January, above the initial estimate of 52.8.
BOJ Deputy Governor Ryozo Himino said the central bank is expected to gradually shift to a more neutral monetary policy stance
