SELL JPYINR FEB @ 60.6 SL 60.8 TGT 60.4-60.2. - Kedia Advisory
USDINR
SELL USDINR FEB @ 92.2 SL 92.4 TGT 92-91.8.
Observations
USDINR trading range for the day is 91.83-92.35.
Rupee hit an all-time low as continued weakness in foreign capital flows and a rush to hedge against further depreciation.
The RBI intervention was likely intended to slow the fall as the rupee approached the psychologically important 92 level.
India’s industrial output growth hits over two-year high of 7.8% in December
EURINR
SELL EURINR FEB @ 110.2 SL 110.5 TGT 109.9-109.6.
Observations
EURINR trading range for the day is 109.68-110.82.
Euro dropped on profit booking after seen supported as dollar index fell.
ECB expressed concerns over the euro’s sharp appreciation, cautioning that it could influence inflation and monetary policy.
The German government lowered its GDP growth forecast for this year to 1.0% from an earlier forecast of 1.3%.
GBPINR
SELL GBPINR FEB @ 127.2 SL 127.5 TGT 126.9-126.6.
Observations
GBPINR trading range for the day is 126.51-127.81.
GBP gains as retail inflation picked up sharply in January, while UK political uncertainty simmered on.
UK car production rose 17.7% year-on-year to 53,003 units in December 2025, ending a four-month decline.
British Retail Consortium showed that prices at major British retailers rose at the fastest pace in almost two years in January.
JPYINR
SELL JPYINR FEB @ 60.6 SL 60.8 TGT 60.4-60.2.
Observations
JPYINR trading range for the day is 59.86-61.44.
JPY remained supported amid BoJ’s hawkish stance and intervention speculation.
Bank of Japan data shows that authorities have not officially intervened in the market so far.
Political uncertainty also weighed on the yen in the run-up to the Feb. 8 lower house snap election.
