Sell USDINR Jan @ 90.35 SL 90.5 TGT 90.2-90.1 - Kedia Advisory
USDINR
SELL USDINR JAN @ 90.35 SL 90.5 TGT 90.2-90.1.
Observations
USDINR trading range for the day is 89.86-90.56.
Rupee steadied near 90 as investors await upcoming inflation data for cues on policy outlook.
India's economic horizon shines bright with projections of 6.6% growth by 2026 and 6.7% by 2027, as forecasted by the UN.
India’s GDP growth estimated at 7.4% in FY26: Government data
EURINR
SELL EURINR JAN @ 105.4 SL 105.7 TGT 105.1-104.9.
Observations
EURINR trading range for the day is 104.86-105.46.
Euro dropped as Euro zone economic sentiment deteriorates in December
Germany’s industrial output rose 0.8% month on month in November 2025, easing from a revised 2.0% increase in October.
Germany’s trade surplus narrowed to €13.1 billion in November 2025, down from an upwardly revised €17.2 billion in October.
GBPINR
SELL GBPINR JAN @ 121.3 SL 121.6 TGT 121-120.8.
Observations
GBPINR trading range for the day is 120.71-121.45.
GBP remained in range as markets shift focus to the UK labor market data for three months ending in November.
British companies slightly lowered their still-high expectations for growth in wages and prices.
UK labor market conditions remained weak in 2025 as firms slowed down hiring
JPYINR
SELL JPYINR JAN @ 57.5 SL 57.7 TGT 57.3-57.1.
Observations
JPYINR trading range for the day is 57.3-57.6.
JPY weakened weighed down mainly by the dollar’s strength as investors digested a series of US economic data and assessed Fed policy outlook.
Japan’s foreign reserves increased by $10.42 billion to $1.37 trillion in December 2025, marking the highest level since February 2022.
Household spending in Japan increased 2.9% yoy in November 2025, defying market expectations for a 0.9% decline.
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