Buy EURINR Dec @ 105.3 SL 105 TGT 105.6-105.8 - Kedia Advisory
USDINR
SELL USDINR DEC @ 89.8 SL 90 TGT 89.6-89.4.
Observations
USDINR trading range for the day is 89.27-90.05.
Rupee ended flat hemmed in by persistent dollar demand from local corporates and the non-deliverable forwards market.
Reserve Bank of India showed that economic growth remained strong in November due to robust rural and urban demand.
India central bank unveils measures to infuse $32 billion of liquidity into banking system
EURINR
BUY EURINR DEC @ 105.3 SL 105 TGT 105.6-105.8.
Observations
EURINR trading range for the day is 104.73-105.83.
Euro remained in range as policy outlooks between the ECB and the Federal Reserve continued to diverge.
Germany’s import prices fell 1.9% year on year in November 2025, following a 1.4% decline in the previous month.
ECB left interest rates unchanged for a fourth straight meeting and signaled that rates are likely to remain at current levels for some time.
GBPINR
BUY GBPINR DEC @ 120.6 SL 120.3 TGT 120.9-121.2.
Observations
GBPINR trading range for the day is 119.52-121.3.
GBP gains after data showed that the economy grew as expected amid thin liquidity trading.
Governor Andrew Bailey said rates are likely to trend lower, but not as quickly as markets might hope.
UK GDP grew 0.1% in the third quarter, in line with expectations, though the BoE forecasts flat growth in the final quarter.
JPYINR
BUY JPYINR DEC @ 57.1 SL 56.9 TGT 57.3-57.5.
Observations
JPYINR trading range for the day is 56.77-57.57.
JPY dropped despite signals of possible currency intervention from Japanese authorities.
Atsushi Mimura emphasized that officials would take “appropriate” action against excessive exchange-rate movements.
Japan may face further yen declines and a relentless rise in bond yields driven by market concern over the government's expansionary fiscal policy.
