SELL USDINR MAR @ 92.5 SL 92.7 TGT 92.25-92. - Kedia Advisory
USDINR
SELL USDINR MAR @ 92.5 SL 92.7 TGT 92.25-92.
Observations
USDINR trading range for the day is 91.68-92.88.
Rupee slipped, marking its lowest level on record, pressured by soaring oil prices and heightened geopolitical tensions.
RBI intervened last week to support the currency, but further gains in oil pushed the rupee lower as importers hedge and exporters hold back amid uncertainty.
Investors are also eyeing India’s external account vulnerabilities, including remittance inflows from the Gulf, which account for roughly 3.5% of GDP.
EURINR
SELL EURINR MAR @ 107.1 SL 107.4 TGT 106.8-106.5.
Observations
EURINR trading range for the day is 105.94-107.6.
Euro gained amid Rupee weakness after fell as investors sought the safety of the dollar amid escalating tensions in the Middle East.
ECB’s Schnabel said that, while inflation is projected to meet the 2% goal over the medium term, the central bank “cannot be complacent.”
Euro Area economy grew 1.2% year-on-year in the fourth quarter of 2025, revised down from an initial estimate of 1.3%.
GBPINR
SELL GBPINR MAR @ 123.5 SL 123.8 TGT 123.2-123.
Observations
GBPINR trading range for the day is 122.19-124.39.
GBP gained amid Rupee weakness after dragged down by a stronger US dollar and UK political pressures.
The greenback remained in demand as Middle East tensions entered its second week with no sign of easing
Prime Minister Keir Starmer reaffirmed his decision not to join initial US-Israel strikes on Iran, emphasizing diplomacy instead.
JPYINR
SELL JPYINR MAR @ 58.7 SL 58.9 TGT 58.5-58.3.
Observations
JPYINR trading range for the day is 19.56-19.56.
JPY settled flat amid concerns that a prolonged Middle East conflict could disrupt global energy supplies.
Japan’s bank lending rose 4.5% year-on-year in February 2026, up from a downwardly revised 4.4% in January.
Japan’s current account surplus jumped to JPY 942.6 billion in January 2026 from JPY 344.6 billion in the same month a year earlier.
