News Box

* USDINR closed 18 paise higher at 73.37 yesterday

* FBIL set the reference rate for USDINR at 73.2948 and Euro at 88.5875

* Australia Q4 gdp at -1.1% vs expected -1.8%, AUD climbs

* China Feb service PMI at 51.5 vs 52 in Jan

* Canada economic growth at 9.6% in Q4 vs 7.5% expected

OUTLOOK - USDINR

Rupee opened 23 paise up at 73.32, from its previous close against the US dollar and it finally closed at 73.37, up 18 paise yesterday. USDINR had gained as far as the intraday high of 73.31 and fell to an intraday low of 73.48. The dollar index which compares the strength of the dollar against 6 major currencies increased 0.28% and closed at 91.29. Brent crude future fell 0.05% to trade at $63.66/barrel. USDINR near futures are at 73.6125 with the next support seen at 73.5325 and next resistance seen at 73.7425 ahead of market opening today.

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