Sell JPYINR Apr @ 60.2 SL 60.4 TGT 60-59.8 - Kedia Advisory
USDINR
SELL USDINR APR @ 85.8 SL 85.95 TGT 85.65-85.5.
Observations
USDINR trading range for the day is 85.49-85.91.
Rupee ended higher as U.S. tariff concerns pressured the dollar and lifted safe havens like gold and the Swiss franc.
RBI will buy bonds worth 400 billion rupees ($4.67 billion) and will also conduct a 43-day repo for 1.50 trillion rupees.
India’s CPI rose by 3.34% YoY in March, compared to 3.61% in February
EURINR
SELL EURINR APR @ 97.5 SL 97.7 TGT 97.2-97.
Observations
EURINR trading range for the day is 96.85-97.81.
Euro steadied as investor sentiment remained cautious in the face of U.S. President Donald Trump’s rapidly evolving trade policies.
Euro zone banks tightening corporate credit access on rising economic risk, ECB survey shows
Euro zone industry grows more than expected in February
GBPINR
SELL GBPINR APR @ 113.7 SL 114 TGT 113.4-113.1.
Observations
GBPINR trading range for the day is 113.2-114.16.
GBP gains as markets responded to easing trade fears and shifting BoE expectations.
The annual inflation rate in the UK slowed to 2.6% in March 2025 from 2.8% in February
The United Kingdom's annual core inflation rate inched lower to 3.4% in March 2025 from 3.5% in the previous month
JPYINR
SELL JPYINR APR @ 60.2 SL 60.4 TGT 60-59.8.
Observations
JPYINR trading range for the day is 59.77-60.65.
JPY gains as dollar dropped fueled by mounting concerns over the economic fallout from potential new U.S. tariffs.
President Donald Trump ordered a probe into possible tariffs on all U.S. critical mineral imports, many of which are sourced from China.
BoJ may consider policy action if U.S. tariffs harm Japan’s economy, Governor Kazuo Ueda said.
