Sell EURINR Dec @ 105.2 SL 105.5 TGT 104.9-104.7 - Kedia Advisory
USDINR
SELL USDINR DEC @ 90.15 SL 90.35 TGT 89.95-89.75.
Observations
USDINR trading range for the day is 89.67-90.45.
Rupee weakened after the Reserve Bank cut interest rates at its December meeting.
The central bank lowered the repo rate by 25 basis points to 5.25%, its first move in six months.
The rupee has fallen nearly 5% this year, the weakest in Asia, pressured by soft trade flows, capital outflows and steep U.S. tariffs that have strained exports.
EURINR
SELL EURINR DEC @ 105.2 SL 105.5 TGT 104.9-104.7.
Observations
EURINR trading range for the day is 104.6-105.48.
Euro steadied as traders digest the last round of US jobs data.
Germany’s factory orders rose 1.5% month-on-month in October 2025, but slowing from an upwardly revised 2.0% gain.
ECB President Lagarde expects Eurozone inflation to remain near 2% in coming months
GBPINR
SELL GBPINR DEC @ 120.3 SL 120.6 TGT 120-119.7.
Observations
GBPINR trading range for the day is 119.38-120.82.
GBP settled flat as investors welcomed an upward revision to November’s UK services PMI while the US dollar softened.
The services PMI was revised up to 51.3 from 50.5, comfortably above the 50 threshold separating expansion from contraction.
Bank of England is widely expected to deliver a 25-basis-point rate cut in December, before pausing amid concerns over potential inflation re-acceleration.
JPYINR
SELL JPYINR DEC @ 58.2 SL 58.4 TGT 58-57.8.
Observations
JPYINR trading range for the day is 57.76-58.56.
JPY dropped on profit booking after support seen on speculation BOJ will raise interest rates later this month.
Japan’s foreign reserves rose by $11.98 billion to $1.36 trillion in November 2025, the highest level since March 2022.
Household spending in Japan fell 3.0% yoy in October 2025, missing market expectations for a 1.0% rise.
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