SELL USDINR MAR @ 92 SL 92.2 TGT 91.8-91.6. - Kedia Advisory
USDINR
SELL USDINR MAR @ 92 SL 92.2 TGT 91.8-91.6
Observations
USDINR trading range for the day is 91.34-92.82.
Rupee strengthened as RBI stepped up measures to stabilize financial markets amid heightened volatility in global oil prices.
RBI has remained active in foreign-exchange markets, with estimates suggesting it may have sold $18 billion–$20 billion last week alone.
The central bank has also used buy-sell swaps to replenish liquidity and support market stability.
EURINR
SELL EURINR MAR @ 107.3 SL 107.6 TGT 107-106.7.
Observations
EURINR trading range for the day is 106.8-107.68.
Euro gained as oil prices retreated from their highest level since 2022
Germany’s imports tumbled 5.9% month-on-month to a 17-month low of €109.2 billion in January 2026.
ECB’s Schnabel said that, while inflation is projected to meet the 2% goal over the medium term, the central bank “cannot be complacent.”
GBPINR
SELL GBPINR MAR @ 123.8 SL 124.1 TGT 123.5-123.2
Observations
GBPINR trading range for the day is 122.79-124.61
GBP gains as investors rotated away from the US dollar amid hopes that the conflict will have a smaller impact.
Prime Minister Keir Starmer reaffirmed his decision not to join initial US-Israel strikes on Iran, emphasizing diplomacy instead.
UK January GDP and manufacturing production data land Friday alongside US core PCE, preliminary Q4 GDP, and Michigan consumer sentiment.
JPYINR
SELL JPYINR MAR @ 58.5 SL 58.7 TGT 58.3-58.2.
Observations
JPYINR trading range for the day is 58.47-58.47.
JPY dropped on profit booking after prices gained as falling energy prices eased pressure.
Japan’s economy advanced at an annualized pace of 1.3% in Q4 2025, much stronger than the initial estimate of a 0.2% expansion.
apan’s GDP grew 0.3% qoq in Q4 2025, higher than the flash estimate of 0.1% and in line with market expectations.
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