India FX Reserves, USD increased to $630.61B in January 27 from previous $629.56B

Chance for New Zealand Dollar (NZD) to edge higher; any advance is unlikely to break above 0.5705. In the longer run, there has been a tentative buildup in momentum; NZD could rise gradually to 0.5725, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.