Sell EURINR Jan @ 106.5 SL 106.8 TGT 106.2-106 - Kedia Advisory
USDINR
SELL USDINR JAN @ 90.4 SL 90.6 TGT 90.2-90.
Observations
USDINR trading range for the day is 90.04-90.56.
Rupee stabilized on a broadly softer dollar and RBI measures that helped steady sentiment.
India’s economic fundamentals remain strong, with inflation cooling below 1% and GDP growth surprising on the upside, recording its strongest print in six quarters.
India's foreign exchange reserves rose to $693.32 billion, compared with $688.95 billion a week earlier.
EURINR
SELL EURINR JAN @ 106.5 SL 106.8 TGT 106.2-106.
Observations
EURINR trading range for the day is 105.73-107.03.
Euro settled flat as policy outlooks between the ECB and the Federal Reserve continued to diverge.
ECB now forecasts eurozone growth at 1.4% in 2025, while headline inflation is expected to hover around the 2% target through 2028.
Euro Area consumer confidence dipped to -14.6 in December 2025, the lowest in three months, following 14.2 in the previous month.
GBPINR
SELL GBPINR JAN @ 122 SL 122.3 TGT 121.7-121.4.
Observations
GBPINR trading range for the day is 121.58-122.18.
GBP steadied amid reduced liquidity during the shortened US holiday session.
Governor Andrew Bailey said rates are likely to trend lower, but not as quickly as markets might hope.
UK GDP grew 0.1% in the third quarter, in line with expectations, though the BoE forecasts flat growth in the final quarter.
JPYINR
SELL JPYINR DEC @ 57.7 SL 57.9 TGT 57.5-57.3.
Observations
JPYINR trading range for the day is 56.86-57.72.
JPY steadied as investors weighed the timing of further rate hikes and the possibility of intervention in thin year-end trading.
It is appropriate for BOJ to raise interest rates and adjust the degree of monetary accommodation to achieve price stability sustainably.
Policymakers noted that Japan could sustain a virtuous cycle in which wages and prices rise moderately.
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