Sell EURINR Dec @ 104.7 SL 105 TGT 104.4-104.3 - Kedia Advisory
USDINR
SELL USDINR DEC @ 89.9 SL 90.1 TGT 89.7-89.5.
USDINR trading range for the day is 89.33-90.13.
Rupee hits fresh record low near 89.9 as trade worries deepen
India’s current account deficit narrowed to USD 12.3 billion, or 1.3% of GDP, in the July–September 2025-26 quarter.
Industrial production in India increased 0.4% year-on-year in October 2025, following an upwardly revised 4.6% gain in September.
EURINR
SELL EURINR DEC @ 104.7 SL 105 TGT 104.4-104.3.
EURINR trading range for the day is 103.69-104.87.
Euro gains as investors adopted a cautious stance ahead of key Eurozone and US economic data that could influence interest rate expectations.
Recent inflation reports showed Germany’s EU-harmonized rate accelerating to 2.6%, its highest since February
The HCOB Eurozone Manufacturing PMI was revised down to 49.6 in November 2025 from a preliminary of 49.7
GBPINR
SELL GBPINR DEC @ 118.9 SL 119.2 TGT 118.6-118.3.
GBPINR trading range for the day is 118.27-119.03.
GBP gains as the US dollar slid against all major peers, with risk-off sentiment failing to boost the traditional haven currency.
UK shop price inflation eased to 0.6% in November 2025, marking a second consecutive monthly decline and the lowest rate since June.
The UK Nationwide House Price Index rose 1.8% year-on-year in November 2025, above the expected 1.4% but slowing from October’s 2.4% gain
JPYINR
SELL JPYINR DEC @ 57.9 SL 58.1 TGT 57.7-57.5.
JPYINR trading range for the day is 56.85-59.75.
JPY gains fueled by growing bets of a potential rate hike by the Bank of Japan, signaling a possible shift in monetary policy direction.
Finance Minister Katayama said that she sees no divergence between the government and the BOJ in their economic assessments.
BOJ Governor indicated that the central bank would carefully consider the pros and cons of raising interest rates at its December policy meeting.
