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* USDINR closed 27 paise higher at 74.78 yesterday

* FBIL set the reference rate for USDINR at 74.37 and Euro at 88.2836

* Fed's Daly: Unlikely to see unwanted inflation rise

* USD: Strong retail sales data offsets lower yields as dollar stay steady

* BOJ governor Kuroda: Japan still on course to achieve 2% inflation target

OUTLOOK - USDINR

Rupee opened 5 paise lower at 75.10, from its previous close against the US dollar and it finally closed a net 27 paise higher at 74.78 yesterday. USDINR had gained as far as the intraday high of 74.77 and fell to an intraday low of 75.41. The dollar index which compares the strength of the dollar against 6 major currencies fell by 0.22% and closed at 91.63. Brent crude futures rose 3.5% to trade at $66.51/barrel. USDINR near futures are at 75.2100 with the next support seen at 74.9917 and next resistance seen at 75.4617 ahead of market opening today.

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