SELL USDINR APR @ 86.5 SL 86.75 TGT 86.35-86.2 - Kedia Advisory
USDINR
SELL USDINR APR @ 86.5 SL 86.75 TGT 86.35-86.2.
Observations
USDINR trading range for the day is 85.75-86.77.
Rupee fell weighed down by a weaker yuan and corporate hedging demand, while forward premiums eased.
Dollar-rupee forward premiums declined pressured by a rise in U.S. bond yields.
India is expected to achieve its projected 6.3–6.8% economic growth in FY26
EURINR
BUY EURINR APR @ 94.4 SL 94.1 TGT 94.7-95.
Observations
EURINR trading range for the day is 94.12-94.86.
Euro gains as investors paused to await clearer signals on how the EU plans to respond to U.S. tariffs.
European Commission revealed it had proposed a zero-for-zero tariff deal to the Trump administration in a bid to avert a trade war.
Retail Sales in the Euro Area increased 0.30 percent in February of 2025 over the previous month.
GBPINR
SELL GBPINR APR @ 100.2 SL 110 TGT 110.5-110.8.
Observations
GBPINR trading range for the day is 109.68-110.78.
GBP settled flat on risk-off sentiment tied to trade war fears
BoE expected to cut rates by 88 bps by December
90% chance of a 25 bps BoE rate cut in May
JPYINR
BUY JPYINR APR @ 58.9 SL 58.7 TGT 59.1-59.3.
Observations
JPYINR trading range for the day is 58.09-59.55.
JPY gains as safe haven amid persistent trade-related uncertainty.
Japan is expected to receive priority in upcoming U.S. tariff negotiations, putting Tokyo ahead of other nations.
Japan’s current account surplus surged to a record high in February, driven by strong export growth.
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