Sell EURINR Jan @ 106 SL 106.3 TGT 105.7-105.5 - Kedia Advisory
USDINR
SELL USDINR JAN @ 90.35 SL 90.55 TGT 90.15-90.
Observations
USDINR trading range for the day is 89.94-90.58.
Rupee weakened past 90 per dollar, as persistent dollar demand outweighed the Reserve Bank’s intervention.
The HSBC India Manufacturing PMI fell to 55.0 in December 2025, revised lower from initial estimates of 55.7, down from 56.6 in November.
India’s GST collections reached Rs.1.75 lakh crore in December, up 6.1% from the same month last year
EURINR
SELL EURINR JAN @ 106 SL 106.3 TGT 105.7-105.5.
Observations
EURINR trading range for the day is 105.83-106.29.
Euro remained in range after disappointing manufacturing activity figures in the Eurozone and some of its main economies.
Euro zone factory activity retreated further into contraction territory in December.
The HCOB Spain Manufacturing PMI dropped to 49.6 in December 2025, down from 51.5 in the previous month
GBPINR
SELL GBPINR JAN @ 121.5 SL 121.7 TGT 121.1-120.9.
Observations
GBPINR trading range for the day is 121.23-121.73.
GBP gains as expectations of the US Federal Reserve rate cuts this year weigh on US Dollar.
The UK Nationwide House Price Index increased 0.6% year-on-year in December 2025, easing from November’s 1.8% gain.
The BoE expects rates to continue on a gradual downward path, but each subsequent cut will be a "closer call.
JPYINR
SELL JPYINR JAN @ 57.7 SL 57.9 TGT 57.5-57.3.
Observations
JPYINR trading range for the day is 57.7-57.7.
JPY steadied as investors weighed the country’s expansive fiscal policy.
The cabinet recently approved PM Takaichi’s record-setting 122.3 trillion yen budget, aiming to balance aggressive fiscal spending.
On the monetary policy front, markets are watching July for the next rate hike, though an earlier move is possible if the yen weakens further.
