SELL USDINR JAN @ 91.9 SL 92.1 TGT 91.7-91.55 - Kedia Advisory
USDINR
SELL USDINR JAN @ 91.9 SL 92.1 TGT 91.7-91.55.
Observations
USDINR trading range for the day is 91.17-92.35.
Rupee's early gains faded as dollar purchases by importers for immediate payments surfaced
India Manufacturing PMI rose to 56.8 in January 2026 from 55.0 in December, marking the strongest improvement in operating conditions in three months.
India Services PMI increased to 59.3 in January 2026 from a final reading of 58.0 in December 2025, which marked the softest expansion in 11 months.
EURINR
BUY EURINR JAN @ 107.9 SL 107.6 TGT 108.2-108.5.
Observations
EURINR trading range for the day is 106.5-109.44.
Euro gains as US-Europe tensions appeared to ease temporarily.
ECB policymakers noted that the central bank could afford to be patient, but stressed that this should not be interpreted as hesitancy to act or an asymmetric approach.
According to the accounts from the December 2025 meeting, the ECB currently viewed its monetary policy stance as appropriate, though not static.
GBPINR
BUY GBPINR JAN @ 124.2 SL 124 TGT 124.5-124.8.
Observations
GBPINR trading range for the day is 122.81-125.31.
GBP gains as Trump signals a Greenland deal with NATO, easing US–Europe trade-war fears.
UK Consumer Confidence Index edged up to -16 in January 2026 from -17 in December, pointing to household resilience rather than renewed optimism.
Strong US GDP and jobs data fail to lift the Dollar as markets maintain Fed easing expectations
JPYINR
BUY JPYINR JAN @ 57.7 SL 57.5 TGT 58.1-58.3.
Observations
JPYINR trading range for the day is 57.58-57.78.
JPY settled after the BOJ kept its policy rate unchanged, after raising it to a 30-year high of 0.75% last month.
Japan’s annual inflation eased to 2.1% in December 2025 from 2.9% in the prior month, the lowest since March 2022.
Japan’s core consumer price index, rose 2.4% year on year in December 2025, easing from 3% in November.
