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* Indian Rupee ended at 72.95 yesterday, up 1 paise against its previous close of 72.96

* FBIL set the reference rate for USDINR at 72.9805 and Euro at 88.1113

* UK service PMI at 39.5 beating forecast of 38.8 showing big decline in service sector

* Euro inflation at 0.9%, which is highest in 11 months. First positive inflation in 6 months.

* Bank of England monetory policy decision and US employment data tomorrow

OUTLOOK - USDINR

Rupee opened flat at tuesdays's close of 72.96 and stayed flat to close at 72.95, just 1 paise up. Rupee had gained as far as the intraday high of 72.92 and intraday low was seen at 72.98. The dollar index which compares the strength of the dollar against 6 major currencies was down 0.03% and closed at 91.17. Brent crude futures rose a further 0.99% to close at $58.03/barrel. USDINR near futures are at 73.1300 with the next support seen at 73.0850 and next resistance seen at 73.1850 levels ahead of market opening on thursday

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