Sell JPYINR APR @ 57.5 SL 57.7 TGT 57.3-57.1 - Kedia Advisory
USDINR
SELL USDINR APR @ 85.75 SL 85.9 TGT 85.6-85.5.
Observations
USDINR trading range for the day is 85.41-86.11.
Rupee gathers strength bolstered by positive domestic markets and foreign fund inflows.
However, month-end US Dollar demand from importers might cap the upside for the Indian currency.
US President Donald Trump announced a 25% tariff on automotive imports, set to take effect on April 2.
EURINR
SELL EURINR APR @ 92.6 SL 92.9 TGT 92.3-92.
Observations
EURINR trading range for the day is 92.07-92.97.
Euro dropped after U.S. President announced a 25% tariff on imported vehicles, a move that could dent the bloc's economy.
ECB's de Guindos sees 'good news' on inflation amid trade fears
Germany’s GfK Consumer Climate Indicator stood at -24.5 heading into April 2025
GBPINR
SELL GBPINR APR @ 111 SL 111.3 TGT 110.7-110.4.
Observations
GBPINR trading range for the day is 110.69-111.39.
GBP dropped as traders reacted to a weaker-than-expected February inflation reading and the Spring Statement.
British Finance Minister Reeves said that UK inflation is expected to average 3.2% in 2025, up from the 2.6% projected in October.
Retail sales in the UK rose 1% month-over-month in February 2025, defying expectations of a 0.3% fall
JPYINR
SELL JPYINR APR @ 57.5 SL 57.7 TGT 57.3-57.1.
Observations
JPYINR trading range for the day is 57.36-57.48.
JPY steadied as strong inflation data and hawkish signals from BOJ reinforced expectations of tighter monetary policy
Data showed Tokyo’s core inflation accelerated to 2.4% in March, up from 2.2% in February
BOJ will continue raising its policy interest rate and adjusting monetary accommodation if its economic and price outlook materializes
