Sell GBPINR JAN @ 121.7 SL 122 TGT 121.4-121.1 - Kedia Advisory
USDINR
SELL USDINR JAN @ 90.45 SL 90.65 TGT 90.2-90.
Observations
USDINR trading range for the day is 90.29-90.49.
Rupee edged lower tracking Asian peers and pressured by dollar demand around the Reserve Bank of India's reference rate.
India's manufacturing sector experienced a slowdown in December, reaching a two-year low
Retail inflation in India has likely edged up in December 2025 to 1.66 per cent from 0.71 per cent in November.
EURINR
SELL EURINR JAN @ 106 SL 106.3 TGT 105.7-105.5.
Observations
EURINR trading range for the day is 105.32-106.12.
Euro dropped as investors remain focused on fresh catalysts, particularly interest rate expectations in the Eurozone and the US.
The ECB indicated rates are likely to stay on hold for now, citing resilient economic growth and inflation close to target.
President Christine Lagarde highlighting that high uncertainty makes forward guidance challenging
GBPINR
SELL GBPINR JAN @ 121.7 SL 122 TGT 121.4-121.1.
Observations
GBPINR trading range for the day is 120.92-122.08.
GBP steadied after US raids on Venezuela sours market sentiment
The BoE is expected to follow a gradual monetary easing cycle in 2026.
BOE cut borrowing costs four times in 2025, though policymakers remained split and signaled that the already gradual pace of cuts could slow further.
JPYINR
SELL JPYINR JAN @ 57.7 SL 57.9 TGT 57.5-57.3.
Observations
JPYINR trading range for the day is 19.23-19.23.
JPY steadied after BOJ Governor reiterated will continue raising interest rates if economic and price trends align with forecasts
Japan Manufacturing PMI was revised higher to 50.0 in December 2025 from a preliminary estimate of 49.7.
Investors also monitored the potential for currency intervention, with business leaders calling on the government to address the yen’s weakness
