Sell EURINR Dec @ 106.25 SL 106.55 TGT 105.9-105.7 - Kedia Advisory
USDINR
SELL USDINR DEC @ 90.5 SL 90.7 TGT 90.3-90.2.
Observations
USDINR trading range for the day is 89.01-91.95.
Rupee appreciated to around 90.5 per dollar, rebounding from record lows, as the central bank stepped in to support the currency.
Rupee has dropped more than 6% this year, making it one of the worst-performing emerging market currencies, as steep US tariffs weighed on trade and investment flows.
India’s trade secretary said that the country is engaging with the US to see if a deal can be reached “sooner than later.”
EURINR
SELL EURINR DEC @ 106.25 SL 106.55 TGT 105.9-105.7.
Observations
EURINR trading range for the day is 104.68-107.86.
Euro dropped as Euro zone business activity growth slowed more than expected at the end of 2025.
The Ifo Business Climate Index for Germany decreased to 87.6 in December 2025, the lowest in seven months.
ECB’s Lagarde indicated that the central bank will raise Eurozone growth projections next week.
GBPINR
SELL GBPINR DEC @ 121 SL 121.3 TGT 120.7-120.4.
Observations
GBPINR trading range for the day is 119.28-122.94.
GBP fell after UK inflation data came in well below expectations, reinforcing market bets that the Bank of England will deliver an interest rate cut
The annual inflation rate in the UK slowed to 3.2% in November 2025, the lowest in eight months, compared to 3.6% in October.
The UK’s annual core inflation eased to 3.2% in November 2025, down from October's reading and less than market expectations of 3.4%.
JPYINR
SELL JPYINR DEC @ 58.3 SL 58.5 TGT 58.1-57.9.
Observations
JPYINR trading range for the day is 57.66-59.38.
JPY dropped amid firm Rupee and ahead of Bank of Japan interest rate hike this week.
Japan’s trade balance swung to a surplus of JPY 322.2 billion in November 2025 from a deficit of JPY 120.8 billion last year.
Japan’s core machinery orders, jumped 7% month-over-month to ¥992.9 billion in October 2025.
