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USDINR:

Observations:

USDINR trading range for the day is 83.02-83.28.

Rupee ended higher, buoyed by dollar sales from both local and foreign banks

Fed leaves rates unchanged, but signals no rush to cut

India's fiscal deficit narrowed slightly to INR 9.82 trillion in April-December 2023-24

SELL USDINR FEB @ 83.25 SL 83.4 TGT 83.1-83.

EURINR:

Observations:

EURINR trading range for the day is 89.89-90.37.

Euro dropped as investors digested a slew of economic data, including fourth-quarter GDP figures.

The Eurozone avoided a technical recession in the final three months of 2023.

ECB policymakers have signaled an interest rate cut but did not provide details on timing

SELL EURINR FEB @ 90.3 SL 90.5 TGT 90.05-89.9.

GBPINR:

Observations:

GBPINR trading range for the day is 105.2-105.62.

GBP dropped as investors digested a slew of economic data while preparing for BOE meeting

The Nationwide House Price Index in the United Kingdom fell 0.2% year-on-year in January 2024

British lenders approved 50.5 thousand mortgages for house purchase in December, the most since June

BUY GBPINR FEB @ 105.3 SL 105 TGT 105.6-105.8.

JPYINR:

Observations:

JPYINR trading range for the day is 56.42-56.76.

JPY dropped as Japan's retail sales and industrial production figures fell short of expectations

Japanese retail sales grew by 2.1% in December, below consensus estimates

Japan's factory output increased by 1.8% in December, but fell short of expectations

BUY JPYINR FEB @ 56.5 SL 56.3 TGT 56.7-56.9.

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