SELL JPYINR FEB @ 59.3 SL 59.5 TGT 59.1-58.9 - Kedia Advisory
USDINR
Observations
USDINR trading range for the day is 90.38-90.82.
Rupee ended a touch higher with corporate dollar demand eroding early gains linked to likely central bank intervention.
India’s retail inflation at 2.75% in January as new 2024-base CPI series kicks in
India’s economic resilience holds despite soft patches; FY26 growth seen at 7.4%: Fitch report
SELL USDINR FEB @ 90.7 SL 90.9 TGT 90.5-90.4.
EURINR
Observations
EURINR trading range for the day is 107.33-108.11.
Euro dropped as dollar strengthened following stronger-than-expected US jobs data, which dampened expectations for imminent Fed rate cuts.
Retail Sales in the Euro Area decreased 0.50 percent in December of 2025 over the previous month.
European Central Bank remains largely unconcerned about the euro’s recent appreciation.
SELL EURINR FEB @ 107.8 SL 108.1 TGT 107.5-107.3.
GBPINR
Observations
GBPINR trading range for the day is 123.18-124.06.
GBP dropped as investors assessed weaker-than-expected UK growth figures.
Data showed the economy expanded by 0.1% in Q4 2025, matching the previous quarter’s pace but falling short of forecasts for 0.2%.
The RICS UK Residential Market Survey showed the house price balance rose to -10% in January 2026, marking a third straight monthly improvement.
SELL GBPINR FEB @ 123.8 SL 124.1 TGT 123.5-123.2.
JPYINR
Observations
JPYINR trading range for the day is 58.73-60.01.
JPY dropped on profit booking after prices gained on optimism that PM Takaichi’s expansionary fiscal policies will bolster domestic growth.
Finance Minister Satsuki Katayama also reaffirmed that the government would act on FX moves consistent with the US-Japan joint statement.
Japan’s producer prices rose 2.3% year-on-year in January 2026, slightly easing from a 2.4% increase in the previous month and matching market expectations.
SELL JPYINR FEB @ 59.3 SL 59.5 TGT 59.1-58.9.
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