SELL JPYINR FEB @ 59.3 SL 59.5 TGT 59.1-58.9 - Kedia Advisory
USDINR
SELL USDINR FEB @ 90.8 SL 91 TGT 90.6-90.5.
Observations
USDINR trading range for the day is 90.61-90.81.
Rupee slipped retreating from the previous session, pressured by importer hedging and weak domestic equities.
India’s wholesale prices rose 1.81% year-on-year in January 2026, accelerating from a 0.83% increase in December.
India's foreign exchange reserves saw a dip to $717.6 billion by February 6, 2026.
EURINR
SELL EURINR FEB @ 107.8 SL 108.1 TGT 107.5-107.3.
Observations
EURINR trading range for the day is 107.52-107.9.
Euro seen supported by indications that the ECB is largely untroubled by its recent appreciation, alongside mixed economic signals.
Support seen as France’s Villeroy, a dovish policymaker, to step down in June.
The euro area economy expanded by 0.3% in Q4 2025, confirming earlier estimates and matching the pace recorded in the previous three months.
GBPINR
SELL GBPINR FEB @ 123.9 SL 124.2 TGT 123.6-123.4.
Observations
GBPINR trading range for the day is 123.57-124.09.
GBP gains as traders await key UK and US macro data
UK gross domestic product data showed that the economy almost ground to a halt in the final three months of 2025.
Industrial production in the UK unexpectedly fell by 0.9% month-on-month in December 2025, defying market expectations
JPYINR
SELL JPYINR FEB @ 59.3 SL 59.5 TGT 59.1-58.9.
Observations
JPYINR trading range for the day is 59.12-59.12.
JPY steadied after Japan’s fourth-quarter 2025 growth came in well below expectations.
Japan’s GDP grew 0.1% qoq in Q4 2025, rebounding from a 0.7% drop in Q3 but missing market forecasts of a 0.4% increase.
Prime Minister Sanae Takaichi recently reaffirmed her commitment to supporting growth through proactive fiscal measures
