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* USDINR closed 27 paise higher at 73.11 yesterday

* FBIL set the reference rate for USDINR at 72.6558 and Euro at 86.023

* Agressive vaccination and stimulus packages have helped dollar hold near multi month high

* GBP strengthens steadily supported by better than expected gdp.

* Euro cut gains amid widened lockdown in France

* China's CAIXIN Manufacturing PMI drops to 50.6 vs 51.3 expected vs 50.9 last

OUTLOOK - USDINR

Rupee opened 21 paise down at 73.59, from its previous close against the US dollar and it finally closed 27 paise higher at 73.11 yesterday. USDINR had gained as far as the intraday high of 73.05 and fell to an intraday low of 73.60. The dollar index which compares the strength of the dollar against 6 major currencies rose by 0.15% and closed at 93.26. Brent crude future rose 0.06% to trade at $64.57/barrel. USDINR near futures are at 73.4150 with the next support seen at 73.1708 and next resistance seen at 73.7658 ahead of market opening today.

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