SELL USDINR APR @ 93.6 SL 93.8 TGT 93.3-93.1. - Kedia Advisory
USDINR
SELL USDINR APR @ 93.6 SL 93.8 TGT 93.3-93.1.
Observations
USDINR trading range for the day is 93.11-93.75.
Rupee settled flat as a retreat in oil prices soothed investor nerves amid hopes of the U.S. and Iran resuming peace talks this week.
The International Monetary Fund has raised India's GDP growth forecast to 6.5 per cent for the current fiscal year.
India’s March retail inflation quickens to 3.4% as US war on Iran disrupts global trade flows
EURINR
SELL EURINR APR @ 110.5 SL 110.8 TGT 110.2-109.9.
Observations
EURINR trading range for the day is 109.65-110.75.
Euro climbed as investors grew optimistic about the potential for Middle East peace negotiations.
ECB has not made its mind up on whether to raise interest rates as the fallout of the Iran war on the euro zone's economy is still unclear.
Euro zone growth will slow this year and inflation surge, forcing the European Central Bank to lift interest rates – IMF.
GBPINR
SELL GBPINR APR @ 126.8 SL 127.1 TGT 126.5-126.3.
Observations
GBPINR trading range for the day is 126.2-127.1.
GBP gained as investors positioned for potential Middle East peace negotiations
BOE Governor Bailey said that central banks' operational independence was "not robust enough" when it came to matters of financial stability.
Britain suffered the sharpest cut to economic growth forecasts for large rich economies by the International Monetary Fund.
JPYINR
SELL JPYINR APR @ 59 SL 59.25 TGT 58.75-58.5.
Observations
JPYINR trading range for the day is 58.42-59.66.
JPY dropped on profit booking after seen supported by lower oil prices and a softer US dollar amid hopes for a diplomatic resolution to the Middle East conflict.
The Reuters Tankan index for Japanese manufacturers fell to 7.0 in April 2026, down sharply from 18.0 in the previous month.
Japan’s core machinery orders, increased 13.6% month-over-month to JPY 1,115.9 billion in February 2026.
