SELL USDINR APR @ 93.3 SL 93.5 TGT 93.1-92.9. - Kedia Advisory
USDINR
SELL USDINR APR @ 93.3 SL 93.5 TGT 93.1-92.9.
Observations
USDINR trading range for the day is 93.12-93.56.
Rupee gains on growing optimism over a potential deal to end the Iran war, which kept oil prices below $100 and lifted global equities.
WPI inflation hits 38-month high of 3.9% in March as soaring energy, crude prices amid West Asia war drive up costs
International Monetary Fund has raised India's GDP growth forecast to 6.5 per cent for the current fiscal year.
EURINR
SELL EURINR APR @ 110.1 SL 110.4 TGT 109.7-109.4.
Observations
EURINR trading range for the day is 109.61-110.87.
Euro steadied as investors grow more optimistic that diplomatic efforts could bring an end to the US–Iran conflict.
ECB is in a "relatively favorable" position on monetary policy after having successfully brought down inflation to 2% before the Middle East war started.
Euro zone industrial production increased by 0.4% in February from the previous month, data showed.
GBPINR
SELL GBPINR APR @ 126.4 SL 126.7 TGT 126-125.7.
Observations
GBPINR trading range for the day is 125.89-127.19.
GBP eased as traders scaled back expectations for a BOE rate hike, supported by growing optimism that the Middle East conflict may be nearing an end.
UK GDP expanded 0.5% mom in February 2026, accelerating from a revised 0.1% increase in January and marking the strongest growth since early 2024.
Industrial production in the UK rose 0.5% month-on-month in February 2026, rebounding from a 0.1% fall in January.
JPYINR
SELL JPYINR APR @ 59 SL 59.2 TGT 58.7-58.5.
Observations
JPYINR trading range for the day is 58.95-59.05.
JPY gains as Finance Minister Satsuki Katayama said she held close discussions on foreign exchange policy with US Treasury Secretary Scott Bessent.
Support also seen from softer oil prices and a weaker US dollar as optimism grew about a potential deal to end the Middle East conflict.
IMF said the BOJ could look through inflation driven by the Iran conflict, arguing that its impact on underlying price pressures is likely to remain limited.
