Sell USDINR Dec @ 89.85 SL 90 TGT 89.65-89.5 - Kedia Advisory
USDINR
SELL USDINR DEC @ 89.85 SL 90 TGT 89.65-89.5.
Observations
USDINR trading range for the day is 88.71-90.87.
Rupee posted its strongest single-day gain in over three years, rising above the 90-per-dollar mark, as the central bank intervened.
India's foreign exchange reserves saw a significant increase of $1.68 billion, reaching $688.94 billion.
The Asian Development Bank (ADB) committed $4.258 billion in sovereign lending to India in 2025.
EURINR
SELL EURINR DEC @ 105.3 SL 105.6 TGT 105-104.7.
Observations
EURINR trading range for the day is 104.25-106.33.
Euro dropped after the ECB left interest rates unchanged, a decision that met expectations and offered little direction for markets.
Germany’s GfK Consumer Climate Indicator dropped sharply to -26.9 heading into January 2026 from a marginally revised -23.4 in the prior period.
Producer prices in Germany dropped 2.3% year-on-year in November 2025, following a 1.8% decline in October
GBPINR
SELL GBPINR DEC @ 120.25 SL 120.5 TGT 120-119.7.
Observations
GBPINR trading range for the day is 119.07-121.37.
GBP dropped as traders digest the latest monetary policy decision from the Bank of England.
UK public sector net borrowing narrowed to £11.7 billion in November 2025, down from £13.6 billion a year earlier.
The GfK Consumer Confidence Index for the UK rose to -17 in December 2025 from -19 in November, beating forecasts of -18
JPYINR
SELL JPYINR DEC @ 57.4 SL 57.6 TGT 57.2-57.
Observations
JPYINR trading range for the day is 56.42-58.46.
JPY dropped after as expected BOJ unanimously raised its key short-term interest rate by 25bps to 0.75%, highest level since September 1995
Japan’s annual inflation rate edged down to 2.9% in November 2025 from October's 3-month high of 3.0%.
Japan’s core consumer price index, which excludes fresh food but includes energy, rose 3% year-on-year in November 2025
