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 90.18-90.42.
Rupee slid as global trade tensions rose after Trump’s 25% tariff on countries trading with Iran.
RBI’s currency measures provided some moderation to the pressure, with the central bank set to conduct a $10 billion foreign-exchange swap.
India’s retail inflation quickens for second straight month to 1.33% in December
EURINR
SELL EURINR JAN @ 105.4 SL 105.7 TGT 105.1-104.9.
Observations
EURINR trading range for the day is 105.23-105.55.
Euro steadied as worries over the Federal Reserve’s independence eased following pushback from several Republican lawmakers
The Sentix index measuring investor morale in the euro zone rose more than expected at the start of the year.
Euro zone retail sales rose more than expected in November and German industry continued to expand.
GBPINR
SELL GBPINR JAN @ 121.7 SL 122 TGT 121.4-121.2.
Observations
GBPINR trading range for the day is 121.47-121.83.
GBP gains as renewed concerns over the Fed’s independence weighed on the US Dollar.
UK retail sales rose 1% year on year on a like-for-like basis in December 2025, the weakest pace in seven months.
Data showed labor demand remained soft while wage growth accelerated in December
JPYINR
SELL JPYINR JAN @ 57 SL 57.2 TGT 56.8-56.6.
Observations
JPYINR trading range for the day is 56.67-57.43.
JPY dropped marking its weakest level in a year amid rising political uncertainty over speculation that Prime Minister Sanae Takaichi could dissolve parliament.
Japan’s current account surplus increased to JPY 3,674.1 billion in November 2025 from JPY 3,338.9 billion in the same month a year earlier
Japan’s bank lending increased 4.4% in December 2025, accelerating from a downwardly revised 4.1% growth in November.
