SELL USDINR APR @ 93.2 SL 93.4 TGT 93-92.8 - Kedia Advisory
USDINR
SELL USDINR APR @ 93.2 SL 93.4 TGT 93-92.8.
Observations
USDINR trading range for the day is 92.57-93.53.
Rupee dropped as renewed US-Iran tensions lifted demand for the safe-haven currency.
India's foreign exchange reserves rose to $700.95 billion as of April 10, compared with $697.12 billion a week earlier
India's economy slipping to 6th rank, IMF data shows, prospects bright
EURINR
SELL EURINR APR @ 109.8 SL 110.1 TGT 109.4-109.
Observations
EURINR trading range for the day is 108.51-111.41.
Euro dropped as oil and gas prices surged again following an escalation in US-Iran tensions over the weekend.
Producer prices in Germany fell 0.2% year-on-year in March 2026, easing from a 3.3% decline in February.
Eurozone’s current account surplus widened to €21.1 billion in February 2026 from €18.1 billion in the same month last year.
GBPINR
SELL GBPINR APR @ 126 SL 126.3 TGT 125.7-125.4.
Observations
GBPINR trading range for the day is 125.2-126.4.
GBP settled flat as dollar firmed as renewed U.S.-Iran tensions and shaky prospects of a peace deal in the Middle East sent investors toward safe havens.
British manufacturers give a patchy picture of their ability to ramp up output should the government need to mobilise key industries.
Policymaker Megan Greene said markets were right to dial back aggressive rate hike expectations.
JPYINR
SELL JPYINR APR @ 58.75 SL 58.95 TGT 58.55-58.25.
Observations
JPYINR trading range for the day is 58.5-58.88.
JPY gained despite oil prices rallied following an escalation in US-Iran tensions over the weekend.
President Donald Trump said the US Navy fired on and seized an Iranian-flagged cargo vessel in the Gulf of Oman after it ignored warnings to halt while departing Hormuz.
Markets remain split on whether BOJ will raise interest, as Governor Kazuo Ueda has avoided pre-committing to an April hike.
