Sell GBPINR FEB @ 123.25 SL 123.5 TGT 123-122.75 - Kedia Advisory
USDINR
SELL USDINR FEB @ 90.75 SL 90.95 TGT 90.55-90.4.
Observations
USDINR trading range for the day is 89.94-91.32.
Rupee fell, singed by likely dollar outflows and traders lowering long bets, but posted its best rise in over three years
RBI maintained its key repo rate at 5.25% during its February 2026 meeting, amid confidence in a softer inflation outlook.
India’s annual inflation accelerated to 1.33% in December 2025 but remained below the Reserve Bank of India’s tolerance band of 2%–6%.
EURINR
SELL EURINR FEB @ 107.2 SL 107.5 TGT 106.9-106.6.
Observations
EURINR trading range for the day is 106.02-107.82.
Euro gained amid weakness in Rupee and the European Central Bank left interest rates unchanged as expected.
ECB reiterated that inflation is expected to stabilize at its 2% target over the medium term, while noting that the euro area economy remains resilient.
ECB President Lagarde said the euro area inflation outlook remains in a “good place.”
GBPINR
SELL GBPINR FEB @ 123.25 SL 123.5 TGT 123-122.75.
Observations
GBPINR trading range for the day is 121.92-124.02.
GBP gained amid week Rupee and BOE left interest rates unchanged at 3.75%
Four MPC members backed an 25bps cut to 3.5%, arguing that CPI inflation is expected to fall back towards the 2% target from April.
The Bank said risks from persistent inflation have continued to diminish, while downside risks linked to weaker demand.
JPYINR
SELL JPYINR FEB @ 58.2 SL 58.4 TGT 58-57.8.
Observations
JPYINR trading range for the day is 57.6-58.28.
JPY recovered amid weakness in Rupee and ahead of Japan’s Q4 GDP report.
Japan’s foreign reserves rose by $24.98 billion to $1.39 trillion in January 2026, reaching the highest level since January 2022.
Household spending in Japan declined 2.6% yoy in December 2025, marking a deeper contraction after a 2.9% drop in the previous month.
