BUY GBPINR FEB @ 123.6 SL 123.3 TGT 123.9-124.2.-Kedia Advisory
USDINR
SELL USDINR FEB @ 90.8 SL 91 TGT 90.6-90.5.
Observations
USDINR trading range for the day is 90.29-91.07.
Rupee closed a tad weaker, unable to benefit from a broadly weaker dollar in the face of corporate demand for the greenback
The RBI’s MPC raised its inflation forecast for Q1 and Q2 of FY27 to 4% and 4.2%, indicating slower disinflation than previously expected. RBI revised its growth projection for FY2025–26 to 7.4% from 7.3%, reflecting stronger economic momentum
EURINR
BUY EURINR FEB @ 107.7 SL 107.4 TGT 108-108.2.
Observations
EURINR trading range for the day is 106.81-108.37.
Euro gains as dollar dropped as traders cautiously awaited key economic data delayed by the partial government shutdown.
Euro zone inflation is likely to remain broadly on the same path as seen three months ago, dipping below 2% this year.
ECB President Lagarde reiterated that both the central bank and the euro area inflation outlook are in a “good place.”
GBPINR
BUY GBPINR FEB @ 123.6 SL 123.3 TGT 123.9-124.2.
Observations
GBPINR trading range for the day is 122.76-124.1.
GBP gains amid weakness in Rupee after pressure seen due to as UK government crisis Starting salaries for permanent staff in Britain showed their biggest rise in nearly a year and a half in January.
BoE reiterated that the policy will remain on a “gradual downward path”
JPYINR
BUY JPYINR FEB @ 57.9 SL 57.7 TGT 58.1-58.3.
Observations
JPYINR trading range for the day is 57.86-58.06.
JPY fell on profit booking after LDP’s expected supermajority win under PM Takaichi.
Japan’s bank lending rose 4.5% year-on-year in January 2026, up from a 4.4% gain in December and in line with market expectations.
Japan’s current account surplus fell to JPY 728.8 billion in December 2025 from JPY 1,071.8 billion in the same month a year earlier.
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