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* USDINR closed 8 paise lower at 74.12 on Friday

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OUTLOOK - USDINR

Rupee opened flat at 74.20 from its previous close against the US dollar and it finally closed a net 8 paise higher at 74.12 on Friday. USDINR had gained as far as the intraday high of 74.02 and fell to an intraday low of 74.22. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.51% lower at 92.52. Brent crude futures fell 0.88% to trade at $70.05/barrel. USDINR near futures are at 74.3700 with the next support seen at 74.3292 and next resistance seen at 74.4142 ahead of market opening today.

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