SELL USDINR APR @ 93.2 SL 93.5 TGT 92.9-92.7. - Kedia Advisory
USDINR
SELL USDINR APR @ 93.2 SL 93.5 TGT 92.9-92.7.
Observations
USDINR trading range for the day is 92.71-93.29.
Rupee strengthened to a month-high, supported by plunging oil prices following a two-week Middle East ceasefire.
RBI left its key repo rate unchanged at 5.25% for the second straight meeting and maintained a neutral stance.
RBI raised its GDP growth forecast for FY2025/26 to 7.6%, up from its earlier estimate of 7.4%
EURINR
SELL EURINR APR @ 109 SL 109.3 TGT 108.6-108.2.
Observations
EURINR trading range for the day is 108.45-109.29.
Euro gains after the US, Iran and Israel agreed to a two-week ceasefire to allow negotiations for a potential deal to end the war.
Germany’s factory orders rose 0.9% mom in February 2026, rebounding from an 11.1% slump in the prior month.
Eurozone retail sales edged down 0.2% month-on-month in February 2026, following stagnation in January and aligning with market forecasts.
GBPINR
SELL GBPINR APR @ 125.2 SL 125.6 TGT 124.7-124.4.
Observations
GBPINR trading range for the day is 123.55-126.05.
GBP rose after the US and Iran secured a last-minute two-week ceasefire ahead of President Donald Trump’s deadline.
The Halifax House Price Index showed UK house prices rose 0.8% year-on-year in March 2026, below the expected 1.5%.
The S&P Global UK Construction PMI rose to 45.6 in March of 2026 from 44.5 in the previous month.
JPYINR
SELL JPYINR APR @ 59.5 SL 59.8 TGT 59.1-58.8.
Observations
JPYINR trading range for the day is 59.38-59.76.
JPY rebounded after the US, Iran and Israel agreed to a two-week ceasefire to allow negotiations for a potential agreement to end the war.
Japan's nominal wage growth rose by 3.3% year-on-year in February 2026, surpassing expectations of a 2.7% increase.
Japan’s current account surplus stood at JPY 3,932.7 billion in February 2026, little changed from JPY 3,938.4 billion a year earlier.
