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* USDINR ended 12 paise higher at 72.75 yesterday

* FBIL set the reference rate for USDINR at 72.7998 and Euro at 88.2877

* ECB and RBA would policy meeting minutes to be released this week

* India's industrial expectation exceeds expectation at 1% and inflation seen at 16 months low of 4.06%

* Japan's Nikkei rises to 30000 for the first time since 1990 amid economic recovery

OUTLOOK - USDINR

Rupee opened higher at 72.81 against the previous close of 72.86 against the US dollar. It finally closed higher at 72.75 against the US dollar. USDINR had gained as far as the intraday high of 72.75 and fell to an intraday low of 72.83. The dollar index which compares the strength of the dollar against 6 major currencies increased 0.20% and closed at 90.60. Brent crude futures fell by 0.64% to trade at $60.75/barrel. USDINR near futures are at 72.7125 with the next support seen at 72.6017 and next resistance seen at 72.8842 ahead of market opening on monday.

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