SELL JPYINR MAR @ 58.25 SL 58.5 TGT 58-57.85 - Kedia Advisory
USDINR
SELL USDINR MAR @ 92.35 SL 92.55 TGT 92.15-92.
Observations
USDINR trading range for the day is 91.66-92.76.
Rupee fell as escalating tensions in the Middle East drove renewed demand for the dollar and heightened concerns over oil supply.
U.S. dollar hovered close to its strongest levels this year as climbing oil prices threatened to spur inflation.
West Asia conflict poses downside risk, India GDP growth seen at 7.1 pc in FY27: Crisil
EURINR
SELL EURINR MAR @ 106.8 SL 107.1 TGT 106.5-106.3.
Observations
EURINR trading range for the day is 106.43-107.17.
Euro dropped as oil prices continued to climb, reigniting concerns about inflation and reducing the likelihood of central bank rate cuts.
ECB’s Lagarde reiterated that the ECB is committed to taking all necessary measures to keep inflation under control, despite the current surge in energy prices.
The European Union warned that inflation across the bloc could exceed 3% this year.
GBPINR
SELL GBPINR MAR @ 123.7 SL 124 TGT 123.4-123.2.
Observations
GBPINR trading range for the day is 123.23-124.03.
GBP drifts lower as escalating geopolitical tensions lift the USD.
Inflation concerns continue to push US bond yields higher and further benefit the Greenback.
The UK’s house price balance fell to -12% in February 2026 from -10% in January, marking the first decline in four months.
JPYINR
SELL JPYINR MAR @ 58.25 SL 58.5 TGT 58-57.85.
Observations
JPYINR trading range for the day is 58.03-58.55.
JPY dropped as oil prices continued their ascent, pressuring the country’s oil-importing economy.
Japan’s Business Survey Index for large manufacturers fell to 3.8% in the first quarter of 2026 from 4.7% in Q4
Traders stayed alert for possible intervention by Japanese authorities as the yen approached its lowest levels since July 2024.
