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* USDINR closed 14 paise higher at 74.14 on Friday

* Dollar index continue rise post non farm payrolls data with 2 week high near 93.0

* China inflation rate at a 3 month low 1% in July vs 1.1% previous vs 0.8% forecast

* US Senate expected to approve $1tn infrastructure bill very soon after voting 67-27 in favour with limited debate

* ECB policymaker Weidmann says, ECB must tighten policy in order to counter inflation

* US inflation data in focus today

OUTLOOK - USDINR

Rupee opened flat at 74.00 from its previous close against the US dollar and it finally closed a net 14 paise lower at 74.14 yesterday. USDINR had gained as far as the intraday high of 73.75 and fell to an intraday low of 74.15. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.57% higher at 92.78. Brent crude futures fell 1.33% to trade at $70.90/barrel. USDINR near futures are at 74.2950 with the next support seen at 74.2242 and next resistance seen at 74.3767 ahead of market opening today.

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