Buy GBPINR; target of : 105.70 : March 20, 2024: ICICI Direct

Rupee

ICICI Direct's currency report on GBPINR

Pound also traded lower amid strong dollar. The pair is expected to find support near 1.266 and move towards 1.2740 on expectation of no change in the monetary policy from the BOE. Sticky inflation numbers would force the central bank to hold its rates steady. GBPINR March is likely to move in the range of 105.20 and 105.80 ahead of the policy. Only a move below 105.20 it would slip towards 105.00 level.

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