News Box

* USDINR closed almost flat, 1 paise up at 72.52 yesterday

* FBIL set the reference rate for USDINR at 72.5155 and Euro at 86.4515

* US economy may be on the brink of full recovery: Fed's Barkin

* BOJ's Kuroda: 2% inflation target is helping stabilize forex rates, no change needed

* US CHina trade remain strained as US president Biden's team takestough stance

* Turkish Lira collapses as Central Bank governor is fired without notice

OUTLOOK - USDINR

Rupee opened 4 paise lower at 72.57, from its previous close against the US dollar and it finally closed marginally higher at 72.52 yesterday. USDINR had gained as far as the intraday high of 72.46 and fell to an intraday low of 72.58. The dollar index which compares the strength of the dollar against 6 major currencies rose by 0.08% and closed at 91.94. Brent crude future rose by 1.33% to trade at $64.12/barrel. USDINR near futures are at 72.5825 with the next support seen at 72.5000 and next resistance seen at 72.7150 ahead of market opening today.

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