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News Box

* Dollar surges after Fed voiced cautious optimism that the rising inflation would prove temporary.

*  Oil fell as stockpiles rose. Gold and bitcoin retreated.

* Government to release balance of payment, fiscal deficit and eightcore industries output data.

* FTSE to release the results of its annual country classification review for equity & fixed-income markets.

* OPEC says, India will be hooked on to oil for years to come.

OUTLOOK - USDINR

Ongoing bullish momentum could aim for 74.54-74.77, exceeding our previous expectations. However, inability to push beyond 74.40 could see USDINR slip and look for supports near 75.25-20. Deeper supports are seen at 73.76, in the event of a collapse, given the recent vertical rise.

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