Sell JPYINR Apr @ 60.5 SL 60.8 TGT 60.2-60 - Kedia Advisory
USDINR
SELL USDINR APR @ 86.3 SL 86.45 TGT 86.15-86.05.
USDINR trading range for the day is 85.78-86.72.
Rupee gained after US President Trump's move to temporarily lower tariffs on many countries.
India's industrial production growth decelerated sharply to 2.9% year-on-year in February 2025
Investors anticipate the US central bank will resume cutting interest rates in June.
EURINR
SELL EURINR APR @ 97.85 SL 98.05 TGT 97.55-97.35.
EURINR trading range for the day is 96.2-99.58.
Euro rallied as EU halts tariffs after trump pauses trade measures
Euro zone banks coping well with market volatility, ECB's Buch says
Investor morale in the euro zone tumbled in April to its lowest point in more than a year
GBPINR
BUY GBPINR APR @ 112.6 SL 112.3 TGT 112.9-113.2.
GBPINR trading range for the day is 111.42-114.04.
GBP gained as dollar index fell to its lowest level in nearly three years, as investors continued to pull out of US assets.
UK GDP surprised to the upside with 0.5% growth in February
Manufacturing production in the UK rose by 2.2% month-over-month in February 2025
JPYINR
SELL JPYINR APR @ 60.5 SL 60.8 TGT 60.2-60.
JPYINR trading range for the day is 59.43-61.13.
JPY strengthened as rising concerns over the U.S. economy triggered broad dollar weakness.
Despite a 90-day tariff reprieve, investors remain anxious that President Trump’s trade policies could push the U.S. into recession.
Markets are closely watching U.S.-Japan trade developments, with Tokyo currently subject to a reduced 10% U.S.
