SELL USDINR MAR @ 92.25 SL 92.4 TGT 92.05-91.9. - Kedia Advisory
USDINR
SELL USDINR MAR @ 92.25 SL 92.4 TGT 92.05-91.9.
Observations
USDINR trading range for the day is 90.83-93.15.
Rupee fell past 92 per dollar as the U.S.-Israeli war on Iran sent oil prices soaring, lifting demand for the safe-haven dollar.
The HSBC India Services PMI was revised slightly down to 58.1 in February 2026 from an initial estimate of 58.4.
The HSBC India Composite PMI rose to 58.9 in February 2026 from 58.4 in the previous month.
EURINR
SELL EURINR MAR @ 107.5 SL 107.8 TGT 107.2-107.
Observations
EURINR trading range for the day is 106.92-108.
Euro dropped as the US dollar strengthened amid a sharp escalation in the Middle East conflict, despite stronger Eurozone inflation data.
Eurozone February data showed annual inflation unexpectedly at 1.9% and core inflation at 2.4%, both above forecasts.
Traders are now pricing in roughly a 40% probability of an ECB rate hike by year-end, a sharp reversal from late last week.
GBPINR
SELL GBPINR MAR @ 123.6 SL 123.9 TGT 123.3-123.
Observations
GBPINR trading range for the day is 122.56-124.1.
GBP gained lows, as the dollar eased following reports that Iran offered to discuss terms for ending the war.
The OBR lowered its UK growth forecast for 2026 to 1.1%, down from 1.4% projected in November, even before factoring in potential energy price shocks.
The OBR revised its outlook for 2027 and 2028, projecting growth of 1.6% in both years. The
JPYINR
SELL JPYINR MAR @ 59 SL 59.2 TGT 58.8-58.6.
Observations
JPYINR trading range for the day is 58.68-59.12.
JPY gained amid Rupee weakness after pressure seen as concerns amid a prolonged Middle East conflict
Japanese Finance Minister Satsuki Katayama said currency market intervention remains an option to support the yen.
Japan’s S&P Global Services PMI rose to 53.8 in February 2026, confirming preliminary estimates, and up slightly from January’s 53.7
