Sell GBPINR Dec @ 120.85 SL 121.1 TGT 120.5-120.2 - Kedia Advisory
USDINR
SELL USDINR DEC @ 89.8 SL 90 TGT 89.6-89.4.
Observations
USDINR trading range for the day is 89.27-90.05.
Rupee settled flat driven by the RBI’s intervention in the spot and non-deliverable forward market.
Fed’s Hammack stresses against further interest rate cuts, citing that November’s CPI data was distorted.
RBI Governor expects India’s interest rates to stay low for a prolonged period, citing supportive monetary policy.
EURINR
SELL EURINR DEC @ 105.6 SL 105.9 TGT 105.3-105.
Observations
EURINR trading range for the day is 104.73-105.83.
Euro steadied after the ECB left its policy rates unchanged and took a more positive view on the Eurozone economy.
ECB President Christine Lagarde cited heavy uncertainty and avoided forward guidance.
The European Central Bank signaled it was done with monetary easing.
GBPINR
SELL GBPINR DEC @ 120.85 SL 121.1 TGT 120.5-120.2.
Observations
GBPINR trading range for the day is 119.52-121.3.
GBP gains as the economy grew at a quarterly pace of 0.1%, in line with preliminary estimates.
Business investment in the United Kingdom rose by 1.5% quarter-on-quarter in the three months to September 2025
The BoE stated in its monetary policy statement that the staff forecast “zero growth in Q4 GDP”.
JPYINR
SELL JPYINR DEC @ 57.3 SL 57.5 TGT 57.1-56.9.
Observations
JPYINR trading range for the day is 56.77-57.57.
JPY dropped as the lack of hawkish signals from the Bank of Japan emboldened traders to sell the currency
Atsushi Mimura emphasized that officials would take “appropriate” action against excessive exchange-rate movements.
BOJ raised its key short-term interest rate by 25bps to 0.75%, marking the highest level since September 1995
.jpg)
