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Dollar Index increased the most in nearly a month as investors weighed the impact of mixed economic data on the Federal Reserve’s plan to taper stimulus.

The Japanese Yen was the day’s second-biggest gainer.

FIIs bought net 1621.88 worth of Indian equities, pushing benchmark indices to new record peaks for consecutive days.

Surprise strength in US retail sales, pushed US yields and the dollar higher. US Equities slipped.

OUTLOOK - USDINR

The rupee tested the recent low of 73.36 as expected, but the quick pull back thereof, has diluted the prevailing negative bias. The positive momentum thereof could remain as long as 73.50, in which case, 73.6-73.65 may be expected.

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