Buy GBPINR; target of : 105.70 : January 18, 2024: ICICI Direct

ICICI Direct's currency report on GBPINR

Pound reversed its losses and gained more than 0.30% yesterday after the inflation numbers marked 4%, dragging back the probability of rate cuts further. The pair is expected to hold the support at 1.26 and move back towards 1.2740. GBPINR Jan is likely to move north towards 105.80 level as long as it stays above 105.00 levels.

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