Sell EURINR Jan @ 105.25 SL 105.5 TGT 105-104.75 - Kedia Advisory
USDINR
SELL USDINR JAN @ 90.1 SL 90.3 TGT 89.9-89.75.
Observations
USDINR trading range for the day is 89.65-90.45.
Rupee ended lower as surprise intervention by the RBI was outweighed by tariff worries and equity outflows.
India's economy is projected to grow by 7.4% in FY26, surpassing earlier expectations and driven by increased investment.
India's services sector saw a slowdown in December 2025, reaching an 11-month low.
EURINR
SELL EURINR JAN @ 105.25 SL 105.5 TGT 105-104.75.
Observations
EURINR trading range for the day is 104.82-105.72.
Euro dropped as softer inflation in the Eurozone tempered expectations of an ECB rate hike by year-end.
Germany’s factory orders jumped 5.6% mom in November 2025, beating market estimates for a 1.0% fall
Euro zone growth slows in December but completes strongest quarter since 2023
GBPINR
SELL GBPINR JAN @ 121.1 SL 121.4 TGT 120.8-120.7.
Observations
GBPINR trading range for the day is 120.61-121.67.
GBP dropped as retreating risk appetite stripped away support for the British currency.
BoE Governor Andrew Bailey has stressed that future cuts are likely to be gradual, not aggressive.
Markets now see a strong chance of one or two quarter-point interest-rate cuts before the end of the year.
JPYINR
SELL JPYINR JAN @ 57.8 SL 58 TGT 57.6-57.4.
Observations
JPYINR trading range for the day is 57.63-57.83.
JPY fell as a stronger dollar and rising geopolitical risks pressured the currency.
Japan’s nominal wages rose just 0.5% YoY in November 2025, a sharp slowdown from October’s 2.5% increase.
Governor Kazuo Ueda reiterated that the central bank would continue raising interest rates if economic and price developments align with forecasts.
