Sell EURINR Dec@ 106.9 SL 107.2 TGT 106.6-106.3 -Kedia Advisory
USDINR
SELL USDINR DEC @ 90.9 SL 91.1 TGT 90.7-90.5.
Observations
USDINR trading range for the day is 90.49-91.07.
Rupee slid record lows, pressured by the absence of a trade deal with the US amid prolonged negotiations and persistent foreign outflows.
India’s wholesale prices fell 0.32% year-on-year in November 2025, compared with expectations of a 0.6% decline and following a 1.21% drop in October.
India's retail inflation rose in November from a record low in the prior month but stayed below the central bank's target range.
EURINR
SELL EURINR DEC @ 106.9 SL 107.2 TGT 106.6-106.3.
Observations
EURINR trading range for the day is 106.15-107.05.
Euro climbed bolstered by broad dollar weakness, firmer rhetoric from European Central Bank officials, and progress on France’s 2026 social-security budget.
Germany’s wholesale prices rose by 1.5% year on year in November 2025, accelerating from a 1.1% increase in the previous month.
Investors pared back expectations for additional ECB easing after officials signaled that further cuts may not be necessary in 2026.
GBPINR
SELL GBPINR DEC @ 121.5 SL 121.8 TGT 121.2-121.
Observations
GBPINR trading range for the day is 120.91-121.89.
GBP gains as weak US jobless data amplifies expectations for deeper Federal Reserve easing next year.
UK GDP unexpectedly contracted by 0.1% in October, marking the fourth consecutive month without growth.
The UK monthly employment details will be published on Tuesday, ahead of the delayed US Nonfarm Payrolls (NFP) report for October.
JPYINR
SELL JPYINR DEC @ 58.7 SL 59 TGT 58.4-58.2.
Observations
JPYINR trading range for the day is 57.82-59.42.
JPY rose as investors prepared for the Bank of Japan’s policy meeting this week.
BOJ’s sentiment index for large manufacturers edged up to 15 in Q4 2025 from 14 in Q3, improving for a third quarter.
The central bank is widely expected to raise its policy rate by 25 basis points to 0.75%.
