Sell GBPINR Dec @ 121 SL 121.3 TGT 120.7-120.4 - Kedia Advisory
USDINR
SELL USDINR DEC @ 90.5 SL 90.7 TGT 90.3-90.1.
Observations
USDINR trading range for the day is 89.84-90.9.
Rupee slumps amid uncertainty surrounding trade talks between the US and India.
Foreign investors have pulled out nearly $18 billion from Indian stocks so far this year, making India one of the worst-hit markets.
The Fed reduced interest rates by 25 bps to 3.50%-3.75% on Wednesday and signaled only one in 2026.
EURINR
SELL EURINR DEC @ 106.2 SL 106.5 TGT 105.9-105.6.
Observations
EURINR trading range for the day is 105.09-106.43.
Euro climbed bolstered by broad dollar weakness, firmer rhetoric from European Central Bank officials, and progress on France’s 2026 social-security budget.
Investors pared back expectations for additional ECB easing after officials signaled that further cuts may not be necessary in 2026.
ECB Lagarde indicated that the central bank will raise Eurozone growth projections, as the economy shows resilience amid ongoing trade tensions.
GBPINR
SELL GBPINR DEC @ 121 SL 121.3 TGT 120.7-120.4.
Observations
GBPINR trading range for the day is 119.89-121.59.
GBP gains supported by broad dollar weakness and diminished expectations for further Bank of England easing in 2026.
Expectations for next week’s BoE decision remain largely unchanged, with roughly an 84% chance of a rate cut priced in.
Investors also await key UK monthly GDP data due on Friday, which could further influence market expectations.
JPYINR
SELL JPYINR DEC @ 58.15 SL 58.35 TGT 57.95-57.75.
Observations
JPYINR trading range for the day is 57.83-58.37.
JPY strengthened as the dollar weakened sharply after Fed delivered its third rate cut of the year.
Business sentiment among large manufacturers rose to a one-year high in the three months to December.
Investors are also eyeing next week’s Bank of Japan policy meeting, where markets anticipate a rate hike
