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USDINR

SELL USDINR FEB @ 90.7 SL 90.9 TGT 90.5-90.35.

Observations

USDINR trading range for the day is 90.34-90.98.

Rupee strengthened slightly supported by likely portfolio inflows and broad-based weakness in the U.S. dollar.

Foreign investors have net purchased Indian equities worth $1.3 billion so far this month, after three consecutive months of outflows.

India's services sector showed strong recovery in January. New business surged, reaching its fastest pace since November.

EURINR

SELL EURINR FEB @ 108.1 SL 108.4 TGT 107.8-107.6.

Observations

EURINR trading range for the day is 107.59-108.51.

Euro remained supported after the European Central Bank signaled little concern about the currency’s recent appreciation.

ECB President Lagarde reiterated that both the central bank and the euro area inflation outlook are in a “good place.

” ECB’s Lagarde warned, that incoming data may be volatile in the coming months and should not drive policy decisions in isolation

GBPINR

SELL GBPINR FEB @ 124 SL 124.3 TGT 123.7-123.5.

Observations

GBPINR trading range for the day is 123.49-124.51.

GBP gains as dollar remained under pressure ahead of key US jobs and CPI data due later this week.

UK retail sales rose 2.3% year-on-year on a like-for-like basis in January 2026, accelerating from a 1% increase in December.

The central bank left its benchmark rate unchanged at 3.75% in a split decision, policymakers struck a more dovish tone than expected

JPYINR

BUY JPYINR FEB @ 58.4 SL 58.2 TGT 58.7-58.9.

Observations

JPYINR trading range for the day is 57.97-59.37.

JPY gains as renewed verbal intervention from Tokyo supported the currency in the wake of PM Takaichi’s landslide victory.

JPY also benefited from capital inflows as Japanese equities surged to fresh all-time highs following the election.

Markets are also giving Takaichi the benefit of the doubt as she promised that her stimulus plans will not strain the country's finances further.