SELL USDINR APR @ 93.5 SL 93.7 TGT 93.3-93.1 - Kedia Advisory
USDINR
SELL USDINR APR @ 93.5 SL 93.7 TGT 93.3-93.1.
Observations
USDINR trading range for the day is 92.91-93.91.
Rupee slipped, easing after a brief stabilization as domestic policy adjustments and geopolitical uncertainty weighed on sentiment.
Pressure on the currency followed the RBI’s decision to partially unwind recent foreign-exchange restrictions.
External uncertainty also weighed on sentiment, with the US–Iran truce set to expire midweek.
EURINR
SELL EURINR APR @ 110.2 SL 110.5 TGT 109.8-109.5.
Observations
EURINR trading range for the day is 109.47-111.03.
Euro gains after investors focused on escalating Middle East tensions and the European Central Bank’s cautious stance.
President Christine Lagarde warned that the Eurozone’s economic outlook “remains deeply uncertain.”
Germany’s federal and state government tax revenue rose by 3.6% year-on-year to EUR 89.3 billion ($105.25 billion) in March 2026.
GBPINR
SELL GBPINR APR @ 126.5 SL 126.8 TGT 126.1-125.8.
Observations
GBPINR trading range for the day is 125.76-126.76.
GBP seen supported after British data showed the jobless rate fell unexpectedly.
British wage growth, slowed by slightly less than expected to 3.6% in annual terms in the three months to February.
The UK unemployment rate fell to 4.9% in the three months to February 2026, defying expectations that it would remain at the previous period’s 5.2%.
JPYINR
SELL JPYINR APR @ 58.9 SL 59.1 TGT 58.7-58.5.
Observations
JPYINR trading range for the day is 58.73-58.93.
JPY settled flat amid growing uncertainty over the Bank of Japan’s policy outlook.
Japan will take necessary action as it closely monitors developments in crude oil prices and the global economy, Finance Minister Satsuki Katayama.
BOJ is expected to raise inflation forecasts while trimming growth projections, reflecting elevated energy costs and broader headwinds from the Iran war.
