Buy GBPINR; target of : 105.50 : March 05, 2024: ICICI Direct

ICICI Direct's currency report on GBPINR

Pound is expected to rise further towards 1.2720 level amid soft dollar and ahead of British budget. Further, BOE is expected to lag US Fed and ECB when it comes to rate cuts. GBPINR March is likely to move north towards 105.50 level as long as it stays above 104.90 levels.

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