SELL EURINR DEC @ 91.8 SL 92 TGT 91.6-91.45. - Kedia Advisory
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USDINR
Observations
USDINR trading range for the day is 83.03-83.35.
Rupee closed stronger tracking a rise in its Asian peers and aided by dollar sales from large foreign banks.
The year-ahead inflation expectations in the United States dipped to a near three-year low of 3.1% in December 2023
India's foreign exchange reserves rose by $9.11 billion to $615.97 billion
SELL USDINR DEC @ 83.3 SL 83.45 TGT 83.15-83.05.
EURINR
Observations
EURINR trading range for the day is 91.34-91.8.
Euro jumps as the final US GDP disappoints
Euro zone consumer confidence rises to – 15.1 in December
US economic growth revised down to 4.9% in the third quarter from the previous 5.2% estimation.
SELL EURINR DEC @ 91.8 SL 92 TGT 91.6-91.45.
GBPINR
Observations
GBPINR trading range for the day is 105.25-106.21.
GBP gains as investors analyzed recent data and evaluated the monetary policy outlook
Q3 data showed a contraction in the British economy, with Q2 figures also revised downward, increasing the risk of a recession.
Retail sales in the United Kingdom increased by 1.3% month-over-month in November 2023
SELL GBPINR DEC @ 105.9 SL 106.2 TGT 105.6-105.4.
JPYINR
Observations
JPYINR trading range for the day is 58.33-58.67.
JPY remained steadied after data showing Japanese inflation continued to ease in November.
Japan inflation rate falls to 16-month low
The core consumer price index in Japan, rose 2.5% in November 2023, slowing from a 2.9% gain in October
BUY JPYINR DEC @ 58.4 SL 58.2 TGT 58.65-58.8.
