SELL JPYINR JAN @ 57.9 SL 58.1 TGT 57.7-57.5. - Kedia Advisory
USDINR
BUY USDINR JAN @ 90.85 SL 90.65 TGT 91.05-91.15.
Observations
USDINR trading range for the day is 90.51-91.29.
Rupee fell to around 90.9 per dollar, hovering near its weakest levels on record amid sustained foreign portfolio outflows.
Foreign investors have withdrawn over $2.5 billion from Indian equities so far in January, with daily equity outflows of roughly $300-$400 million in recent sessions.
Meanwhile, the RBI continues to operate a market-driven framework, intervening to smooth volatility rather than defend any specific level.
EURINR
BUY EURINR JAN @ 105.7 SL 105.4 TGT 106-106.2.
Observations
EURINR trading range for the day is 105.02-106.4.
Euro gains as weakness in Rupee support and after US President Trump threatened new tariffs on eight European nations.
Eurozone industrial production increased by 0.7% month-on-month in November 2025, matching October’s pace.
The Euro Area industry confidence indicator edged higher to -9.0 in December 2025, up from -9.3 in November.
GBPINR
BUY GBPINR JAN @ 121.8 SL 121.5 TGT 122.1-122.3.
Observations
GBPINR trading range for the day is 121.2-122.44.
GBP gains amid US President Donald Trump's latest tariff threats against Europe over Greenland.
UK GDP rose 0.3% in November, rebounding from a 0.1% contraction in October and surpassing forecasts of a 0.1% increase.
Traders are now pricing in around 46 basis points of cuts by year-end, with an 84% probability of a second 25-basis-point reduction in December.
JPYINR
SELL JPYINR JAN @ 57.9 SL 58.1 TGT 57.7-57.5.
Observations
JPYINR trading range for the day is 57.62-58.02.
JPY gains as renewed geopolitical and trade concerns boosted demand for safe-haven assets.
Japan’s core machinery orders fell 11% month-on-month to ¥883.9 billion in November 2025, reversing a 7% gain in October. Investors focused on the Bank of Japan’s policy decision this week, with rates widely expected to remain unchanged
