SELL USDINR trading range for the day is 91.42-93.16 - Kedia Advisory
USDINR
SELL USDINR FEB @ 92.1 SL 92.3 TGT 91.9-91.75.
Observations
USDINR trading range for the day is 91.42-93.16.
Rupee recover after slipped to its record low amid persistent foreign outflows and firm corporate dollar demand.
The USD gains on speculation that Trump will nominate hawkish former Fed Governor Kevin Warsh as Chair.
Reserve Bank of India remains a key backstop against a move beyond the psychological 92.00 level.
EURINR
SELL EURINR FEB @ 110 SL 110.3 TGT 109.7-109.5.
Observations
EURINR trading range for the day is 109.5-110.3.
Euro fell as a stronger dollar weighed after comments from US Treasury Secretary Bessent reduced expectations of US intervention in foreign-exchange markets.
Germany’s import prices dropped 2.3% year-on-year in December 2025, following a 1.9% decline in the previous month.
France’s economy expanded 0.2% qoq in Q4 2025, easing from a 0.5% rise in Q3 and matching market expectations
GBPINR
SELL GBPINR FEB @ 126.6 SL 126.9 TGT 126.3-126.
Observations
GBPINR trading range for the day is 126.19-127.11.
GBP dropped after US President Trump and Senate Democrats struck a deal to avoid a US government shutdown.
British business confidence has weakened this month after executives' view of the global economic outlook declined to its darkest in a year.
The BoE is expected to leave the bank rate at 3.75% at its meeting next week.
JPYINR
SELL JPYINR FEB @ 59.9 SL 60.1 TGT 59.7-59.5.
Observations
JPYINR trading range for the day is 58.78-60.66.
JPY dropped as Japan’s retail sales unexpectedly fell in December.
Japan’s industrial production edged down 0.1% month-over-month in December 2025.
Japan’s unemployment rate held at 2.6% in December 2025, unchanged for a fourth consecutive month.
