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• USDINR ended 1 paisa down at 72.69 yesterday

• FBIL set the reference rate for USDINR at 72.5906 and Euro at 88.124

• US tresury yields at 1 year high of 1.292% for 10yr note, boost for US dollar

• Canadian dollar, foreign investment seen at 3 month low

• Eurozone Q4 GDP shrank 0.6% against 0.7% estimate

OUTLOOK - USDINR

Rupee opened higher at 72.64, 4 paise higher from the previous close of 72.68 against the US dollar and finally closed flat at 72.69, down 1 paisa. USDINR had gained as far as the intraday high of 72.63 and fell to an intraday low of 72.85. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.29% and closed at 90.21. Brent crude futures fell 0.09% to trade at $63.24/barrel. USDINR near futures are at 72.7825 with the next support seen at 72.6750 and next resistance seen at 72.8850 ahead of market opening today.

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