Sell EURINR DEC @ 105.5 SL 105.8 TGT 105.2-105 - Kedia Advisory
USDINR
SELL USDINR DEC @ 90.4 SL 90.6 TGT 90.2-90.
Observations
USDINR trading range for the day is 88.9-92.74.
Rupee slips past 90/$ on weak flows, trade worries, and missing US deal.
India Services PMI was revised higher to 59.8 in November 2025, up from preliminary estimates of 59.5 and from October’s five-month low of 58.9.
India Composite PMI stood at 59.7 in November 2025, easing from the preliminary estimate of 59.9 and October’s 60.4, and marking the lowest reading since May.
EURINR
SELL EURINR DEC @ 105.5 SL 105.8 TGT 105.2-105.
Observations
EURINR trading range for the day is 104.58-105.92.
Euro rallied as investors assessed a mix of economic data and their implications for interest rate expectations.
Eurozone inflation edged up to 2.2% in November from 2.1% in October, slightly surpassing market forecasts
The bloc’s unemployment rate ticked up to 6.4%, slightly above the projected 6.3%.
GBPINR
SELL GBPINR DEC @ 120.6 SL 120.9 TGT 120.3-120.
Observations
GBPINR trading range for the day is 118.8-120.7.
GBP rose amid growing expectations that the Fed will deliver a 25-bps interest rate cut at its upcoming meeting.
UK’s softer inflation, a cooling labor market, and the Autumn November budget have reinforced bets for a December rate cut.
UK Prime Minister Starmer emphasized the need to bring inflation and interest rates down to boost business investment and economic growth
JPYINR
SELL JPYINR DEC @ 58.3 SL 58.5 TGT 58.1-57.9.
Observations
JPYINR trading range for the day is 57.76-58.44.
JPY strengthened as a softer dollar reflected expectations of deeper US Federal Reserve rate cuts.
Japan’s S&P Global Services PMI rose to 53.2 in November 2025, slightly above the flash estimate of 52.1, signaling the eighth straight month of expansion.
Japan’s S&P Global Composite PMI held at 52.0 in November 2025, matching flash estimates and pointing to the strongest reading since August.
