SELL JPYINR APR @ 58.9 SL 59.1 TGT 58.7-58.5. - Kedia Advisory
USDINR
SELL USDINR APR @ 86.1 SL 86.25 TGT 85.9-85.7.
Observations
USDINR trading range for the day is 85.58-86.28.
Rupee declined as concerns over U.S. President Donald Trump's sweeping tariff plans jolted global financial markets.
RBI may tolerate a steeper slide if China lets the yuan weaken to cushion the impact of U.S. tariffs.
India is unlikely to immediately retaliate against President Trump’s recent 26% tariff on US imports from India
EURINR
SELL EURINR APR @ 94.4 SL 94.7 TGT 94.1-93.8.
Observations
EURINR trading range for the day is 93.58-95.36.
Euro pressure seen as concerns mount over a deepening trade war.
The latest blow came as China announced retaliatory measures, imposing 34% tariffs on a wide range of US goods, escalating tensions.
Exports from Germany rose by 1.8% month-over-month to a ten-month high of EUR 131.6 billion in February 2025.
GBPINR
SELL GBPINR APR @ 110.5 SL 110.8 TGT 110.2-110.
Observations
GBPINR trading range for the day is 109.6-111.62.
GBP faces pressure as investors expect the economy to face significant pressure from potential global economic risks
The UK OBR warned that Trump’s policies could wipe out the government fiscal buffer and cut the economy’s size by as much as 1%.
The S&P Global UK Construction PMI rose to 46.4 in March 2025, recovering from February’s 57-month low of 44.6.
JPYINR
SELL JPYINR APR @ 58.9 SL 59.1 TGT 58.7-58.5.
Observations
JPYINR trading range for the day is 58.27-59.55.
JPY dropped triggered by an escalating global trade war intensified.
Japan saw accelerated nominal wage growth in February, providing a positive signal for the economy
Japanese Prime Minister Ishiba has announced plans to visit US at the earliest opportunity to present a comprehensive trade proposal to President Trump.
