SELL USDINR APR @ 86.05 SL 86.2 TGT 85.9-85.8 - Kedia Advisory
USDINR
SELL USDINR APR @ 86.05 SL 86.2 TGT 85.9-85.8.
Observations
USDINR trading range for the day is 85.83-86.21.
Rupee slipped pressured by routine dollar demand from importers.
India's GDP has doubled over the last decade, growing from $2.1 trillion in 2015 to a projected $4.27 trillion by 2025
S&P Global Ratings projects India's economy to grow at 6.5% in FY26.
EURINR
SELL EURINR APR @ 93 SL 93.2 TGT 92.8-92.6.
Observations
EURINR trading range for the day is 92.56-93.24.
Euro weakened after U.S. President Donald Trump slapped a 25% tariff on imported cars and light trucks.
Recent surveys indicated that Eurozone private sector activity expanded at its fastest pace since August
ECB official Cipollone suggested that the case for a rate cut is strengthening, as inflation may be slowing faster than anticipated
GBPINR
SELL GBPINR APR @ 111.4 SL 111.7 TGT 111.1-110.9.
Observations
GBPINR trading range for the day is 111.11-111.43.
GBP gains as the Dollar retraces even though US President Trump has imposed 25% tariffs on all imports of automobiles
Fed Kashkari supports leaving interest rates at their current levels for an extended period.
UK Reeves cuts welfare benefits and remains committed to her fiscal agenda.
JPYINR
SELL JPYINR APR @ 57.6 SL 57.8 TGT 57.4-57.2.
Observations
JPYINR trading range for the day is 57.09-57.67.
JPY rose as the dollar retreated after President Donald Trump announced 25% tariffs on car imports.
Japan will not rule out countermeasures against the Trump administration’s 25% tariff on U.S. car imports
BOJ Governor Ueda told parliament that the central bank would continue raising interest rates if economic projections hold.
