SELL JPYINR JAN @ 57.9 SL 58.1 TGT 57.7-57.5 - Kedia Advisory
USDINR
SELL USDINR JAN @ 91.7 SL 91.9 TGT 91.5-91.3
Observations
USDINR trading range for the day is 91.4-91.82.
Rupee steadied supported by an improvement in risk appetite after U.S. President stepped back from tariff threats.
Dollar demand and capital flows will continue to dominate currency moves, especially as foreign investors have withdrawn nearly $3 billion.
India's eight core infrastructure sectors grew by 3.7% in December 2025, a slowdown from the previous year
EURINR
BUY EURINR JAN @ 107.2 SL 107 TGT 107.4-107.6.
Observations
EURINR trading range for the day is 106.9-107.44.
Euro dropped as investors digested remarks from US President Donald Trump at the World Economic Forum in Davos amid ongoing geopolitical strains.
European Parliament’s trade committee indefinitely postponed a ratification vote on a US trade deal, reflecting growing unease in Europe.
Signs of a resilient Eurozone economy and inflation near target support expectations that the ECB is likely to maintain interest rates at current levels
GBPINR
BUY GBPINR JAN @ 123 SL 122.7 TGT 123.3-123.5
Observations
GBPINR trading range for the day is 122.73-123.43.
GBP steadied as UK inflation accelerated more than expected in December, curbing expectations for further interest rate cuts
The UK’s total order book balance improved to -30 in January 2026, up from -32 in December and surpassing forecasts of -33.
Factory gate prices for UK-manufactured goods rose 3.4% year-on-year in December 2025, unchanged from the previous month.
JPYINR
SELL JPYINR JAN @ 57.9 SL 58.1 TGT 57.7-57.5
Observations
JPYINR trading range for the day is 57.67-57.77.
JPY steadied amid a deteriorating fiscal outlook
Japan's exports rose for a fourth straight month in December, government data showed.
Prime Minister Sanae Takaichi called a snap election and pledged looser fiscal measures, including a proposal to eliminate the 8% sales tax on food.
