Sell GBPINR Dec @ 118.4 SL 118..7 TGT 118.1-117.9 - Kedia Advisory
USDINR
SELL USDINR DEC @ 89.5 SL 89.65 TGT 89.45-89.35.
Observations
USDINR trading range for the day is 89.29-89.59.
Rupee steady as outflows, importer hedging offset by state-bank dollar sales
IMF expressed confidence in India's economic outlook, projecting solid growth despite external uncertainties.
India's economic growth forecast for 2025-26 has been raised to 6.5 percent.
EURINR
SELL EURINR DEC @ 103.8 SL 104.1 TGT 103.5-103.2.
Observations
EURINR trading range for the day is 103.45-104.09.
Euro gains amid expectations of deeper US Federal Reserve rate cuts.
Eurozone Services PMI rose to 53.1 in November 2025, topping expectations of 52.8 and marking an 18-month high.
Markets now price in roughly an 85% chance of a 25 basis point cut in December, up sharply from about 30% a week ago.
GBPINR
SELL GBPINR DEC @ 118.4 SL 118..7 TGT 118.1-117.9.
Observations
GBPINR trading range for the day is 117.91-118.77.
GBP gains as markets reassessed Chancellor Reeves’ latest budget and her renewed commitment to fiscal restraint.
Britain’s main minimum wage rate will rise by 4.1% to £12.71 ($16.67) an hour next April to keep up with average pay.
The S&P Global UK Manufacturing PMI rose to 50.2 in November 2025, up from 49.7 in October.
JPYINR
SELL JPYINR DEC @ 57.6 SL 57.8 TGT 57.4-57.2.
Observations
JPYINR trading range for the day is 57.59-57.59.
JPY settled flat as markets continued to monitor the currency closely for possible intervention from authorities.
Japan’s leading economic index, was revised higher to 108.6 in September 2025, up from the preliminary estimate of 108.0.
Japan’s coincident economic index, came in at 114.6 in September 2025, matching the flash figure and registering the highest level since June.
