SELL JPYINR JAN @ 57.9 SL 58.1 TGT 57.7-57.5. - Kedia Advisory
USDINR
BUY USDINR JAN @ 90.9 SL 90.7 TGT 91.1-91.25.
Observations
USDINR trading range for the day is 89.93-91.63.
Rupee extended losses as strong dollar demand continued to put pressure on the currency, while a fresh low was averted after likely central bank intervention.
IMF raises India’s 2025 growth target to 7.3% while the world shakes off tariff disruptions
India's foreign exchange reserves saw a rise of $392 million, reaching $687.19 billion by January 9, 2026.
EURINR
SELL EURINR JAN @ 107 SL 107.3 TGT 106.7-106.5.
Observations
EURINR trading range for the day is 105.68-107.28.
Euro gains as investor confidence in the US dollar weakened following fresh tariff threats from President Donald Trump.
Trump said he would “100%” proceed with imposing tariffs on European nations if his demands are not met,
while declining to rule out the use of force. The EU is considering far-reaching retaliatory measures, including up to €93 billion in tariffs on US goods
GBPINR
SELL GBPINR JAN @ 122.6 SL 122.9 TGT 112.3-122.
Observations
GBPINR trading range for the day is 121.76-123.32.
GBP rises as economic data remains in focus along with Greenland.
UK PM Starmer called for a calm discussion on Greenland, while European allies scrambled to avert extra duties and prepared retaliatory measures.
IMF sees UK inflation at 2% by year end as wage growth eases
JPYINR
SELL JPYINR JAN @ 57.9 SL 58.1 TGT 57.7-57.5.
Observations
JPYINR trading range for the day is 57.67-58.01.
JPY steadied after facing heightened volatility in the previous session, as political uncertainty weighed on market sentiment.
Prime Minister Sanae Takaichi announced she will dissolve parliament on Friday and call a snap general election on Feb. 8.
Investors also focused on the Bank of Japan’s policy meeting this week, where rates are widely expected to remain unchanged following a December hike.
