SELL USDINR MAR @ 92.5 SL 92.7 TGT 92.3-92.1. - Kedia Advisory
USDINR
SELL USDINR MAR @ 92.5 SL 92.7 TGT 92.3-92.1.
Observations
USDINR trading range for the day is 92.07-92.71.
Rupee lumbered in a tight band as the ongoing Iran war anchored oil prices above $100, leaving the rupee exposed to headwinds.
India’s total exports for February 2026 are estimated at US$ 76.13 Billion, registering a positive growth of 11.05% from February 2025.
India wholesale price inflation rose for the fourth straight month, at 2.13 per cent in February.
EURINR
SELL EURINR MAR @ 106.7 SL 107 TGT 106.4-109.2.
Observations
EURINR trading range for the day is 106.13-106.81.
Euro gains amid optimism over efforts to protect shipping through the Strait of Hormuz.
The Euro Area economy grew 1.2% year-on-year in the fourth quarter of 2025, revised down from an initial estimate of 1.3%.
Retail Sales, in the Euro Area decreased 0.10 percent in January of 2026 over the previous month
GBPINR
SELL GBPINR MAR @ 123.4 SL 123.7 TGT 123.1-122.8.
Observations
GBPINR trading range for the day is 122.71-123.71.
GBP gains as market attention remains fixed on escalating Middle East tensions and their potential influence on the Bank of England’s policy stance.
The UK recorded a trade surplus of £3.92 billion in January 2026, a sharp reversal from a £4.34 billion deficit in the previous month
Manufacturing production in the UK edged up by 0.1% month-on-month in January 2026, rebounding from a 0.5% fall in the previous month.
JPYINR
SELL JPYINR MAR @ 58.2 SL 58.4 TGT 58-57.8.
Observations
JPYINR trading range for the day is 19.36-19.36.
JPY dropped as verbal interventions from authorities have so far failed to halt the currency’s decline.
FM Katayama said recent currency moves do not reflect fundamentals, reiterating warnings that authorities could take action to defend the yen.
Bank of Japan Governor Kazuo Ueda said underlying inflation is gradually moving toward the 2% target.
