Sell EURINR Dec@ 106 SL 106.3 TGT 105.7-105.5 - Kedia Advisory
USDINR
SELL USDINR DEC @ 90.4 SL 90.6 TGT 90.15-90.
Observations
USDINR trading range for the day is 89.89-90.75.
Rupee extended gains slightly, after rebounding from a record low in the previous session following central bank market intervention.
RBI Governor expects India’s interest rates to stay low for a prolonged period, citing supportive monetary policy.
CareEdge Ratings has raised India's FY26 GDP growth forecast to 7.5% from 6.9%, citing stronger-than-expected first-half performance.
EURINR
SELL EURINR DEC @ 106 SL 106.3 TGT 105.7-105.5.
Observations
EURINR trading range for the day is 105.63-106.51.
Euro steadied as investors positioned for a heavy slate of monetary policy decisions.
The ECB left borrowing costs unchanged for a fourth consecutive meeting in December 2025, with the main refinancing rate remaining at 2.15%
Eurozone construction output rose 0.5% year-over-year in October 2025, reversing a 0.3% decline in the previous month
GBPINR
SELL GBPINR DEC @ 121 SL 121.3 TGT 120.7-120.4.
Observations
GBPINR trading range for the day is 120.26-121.22.
GBP settled flat after UK inflation data came in well below expectations, reinforcing market bets that BOE will deliver an interest rate cut.
The Bank of England cut the Bank Rate by 25 basis points to 3.75%, its lowest level since 2022
Annual inflation slowed to 3.2% in November, undershooting forecasts of 3.5% and the central bank’s own projection of 3.4%.
JPYINR
SELL JPYINR DEC @ 58.2 SL 58.4 TGT 58-57.8.
Observations
JPYINR trading range for the day is 57.86-58.36.
JPY weakened as concerns over Japan’s deteriorating fiscal outlook weighed on the currency.
Pressure intensified after PM Takaichi reiterated plans for proactive fiscal spending aimed at supporting growth and boosting tax revenues.
Markets will closely monitor Governor Kazuo Ueda’s post meeting remarks for guidance on the policy outlook for next year
