ICICI Direct recommends buying GBPINR at a target of Rs 96.50
Mon, Jun 27, 2022 8:47 AM

ICICI Direct recommends buying GBPINR at a target of Rs 96.50

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The pound appreciated nominally by 0.11% on Friday amid a weak dollar and strong retail sales data. The currency of Great Britain is likely to trade with a positive bias today amid a weak dollar. GBPUSD might break the hurdle of 1.2324 to continue its upward trend towards the level of 1.2360. In this situation, ICICI Direct suggests buying GBPINR at a target of Rs 96.50 and a stoploss of Rs 96.00.

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