SELL USDINR DEC @ 90.7 SL 90.9 TGT 90.5-90.3 - Kedia Advisory
USDINR
SELL USDINR DEC @ 90.7 SL 90.9 TGT 90.5-90.3.
Observations
USDINR trading range for the day is 90.26-90.84.
Rupee declined as investor sentiment on the currency remained bogged down by the absence of a trade deal with the U.S.
India’s consumer price inflation picked up to 0.71% year-on-year in November 2025, rising from October’s record low of 0.25%
RBI Governor Malhotra says no targeted band, market will decide currency level
EURINR
SELL EURINR DEC @ 106.4 SL 106.7 TGT 106.1-105.8.
Observations
EURINR trading range for the day is 105.88-106.74.
Euro gains as the latest US Fed rate cut and its less hawkish-than-expected outlook continued to support global risk appetite.
Germany’s consumer price inflation held steady at 2.3% in November 2025, confirming preliminary estimates and matching October’s rate.
ECB’s Lagarde indicated that the central bank will raise Eurozone growth projections next week, as the economy shows resilience.
GBPINR
SELL GBPINR DEC @ 121.3 SL 121.6 TGT 121-120.7.
Observations
GBPINR trading range for the day is 120.65-121.73.
GBP gains supported by broad dollar weakness and diminished expectations for further Bank of England easing in 2026.
The UK trade deficit widened to £4.82 billion in October 2025, up from £1.09 billion in September, marking the largest gap since February.
CBI lifts 2025 UK growth outlook on temporary boost from post-budget spending.
JPYINR
SELL JPYINR DEC @ 58.25 SL 58.5 TGT 58-57.75.
Observations
JPYINR trading range for the day is 57.88-58.62.
JPY steadied amid speculation that the Bank of Japan may raise interest rates next week and continue tightening into 2026.
Governor Kazuo Ueda noted that the central bank is getting closer to its inflation target, signaling the potential for a near-term rate hike.
Investors will also focus on Ueda’s post-meeting remarks for guidance on next year’s policy.
