SELL EURINR MAR @ 107.9 SL 108.2 TGT 107.6-107.3 - Kedia Advisory
USDINR
SELL USDINR MAR @ 91.25 SL 91.4 TGT 91.1-91.
Observations
USDINR trading range for the day is 90.96-91.3. 3
Rupee dropped below but strengthened in February to log its first monthly rise since April 2025
These monthly gains seen as a pick-up in foreign portfolio inflows and the announcement of a U.S. trade deal eased pressure.
India's economy is poised for faster growth this financial year, with a new GDP base year expected to boost projections to 7.6%.
EURINR
SELL EURINR MAR @ 107.9 SL 108.2 TGT 107.6-107.3.
Observations
EURINR trading range for the day is 107.48-108.18.
Euro dropped amid monitoring the latest AI-related developments and ongoing Middle East tensions.
Bank lending to euro zone business slowed last month while credit to households stayed firm, ECB data showed.
ECB expects food inflation, to settle just above its 2% target late this year, ECB President Christine Lagarde said.
GBPINR
SELL GBPINR MAR @ 123 SL 123.3 TGT 122.7-122.5.
Observations
GBPINR trading range for the day is 122.45-123.33.
GBP dropped ahead of a local election in Manchester that could offer an early read on Prime Minister Keir Starmer's political standing.
UK GfK Consumer Confidence Index fell to -19 in February 2026 from -16 in January, reversing the gains recorded over the previous two months.
Traders are increasingly pricing in interest rate cuts from the BoE, following softer employment figures and continued easing in inflationary pressures.
JPYINR
SELL JPYINR MAR @ 58.8 SL 59 TGT 58.6-58.4.
Observations
JPYINR trading range for the day is 58.8-58.8.
JPY gains despite uncertainty over Bank of Japan policy.
R3etail sales in Japan rose 1.8% yoy in January 2026, rebounding from a 0.9% decline in the previous month
Japan’s industrial production rose 2.2% month-over-month in January 2026, reversing a 0.1% drop in the previous month
