Sell EURINR Feb @ 107.6 SL 107.9 TGT 107.3-107 - Kedia Advisory
USDINR
SELL USDINR FEB @ 90.8 SL 91 TGT 90.6-90.5.
Observations
USDINR trading range for the day is 90.52-90.9.
Rupee remained in range weighed down by soft risk appetite and persistent weakness in local stocks.
India's merchandise trade deficit widened to a three-month high of $34.68 billion in January.
India’s unemployment rate rose to 5.0% in January 2026 from 4.8% in December, coming in above market expectations of 4.8%
EURINR
SELL EURINR FEB @ 107.6 SL 107.9 TGT 107.3-107.
Observations
EURINR trading range for the day is 107.38-107.72.
Euro dropped as risk appetite deteriorated, with geopolitical tensions in the Middle East and persistent concerns over AI disruption.
Germany’s annual inflation rate rose to 2.1% in January 2026 from 1.8% in December, confirming preliminary estimates.
Eurozone industrial production declined by 1.4% month-on-month in December 2025, reversing a downwardly revised 0.3% increase in November.
GBPINR
SELL GBPINR FEB @ 123.3 SL 123.6 TGT 123-122.8.
Observations
GBPINR trading range for the day is 122.85-123.87.
GBP dropped after fresh data signaled further softening in the UK labor market.
The data showed the unemployment rate rose to 5.2% in December, up from 5.1% a month earlier.
The number of payrolled employees in the United Kingdom fell by 11 thousand to 30.3 million in January 2026
JPYINR
SELL JPYINR FEB @ 59.5 SL 59.7 TGT 59.25-59.
Observations
JPYINR trading range for the day is 59.11-59.67.
JPY gains amid growing speculation of an earlier interest rate hike by the Bank of Japan.
Japan's economy barely growing last quarter, eking out an annualised 0.2% expansion.
BOJ Governor Ueda said that the two had a "general exchange of views on economic and financial developments".
