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* US Treasury yields rose for a second day, yesterday, as Treasury Secretary Janet Yellen warned her department is set

*  to run out of cash sooner than anticipated.

* US Dollar against G10 peers, with the British pound and the New Zealand Dollar posting the biggest declines.

*  MSCI index rejig may result in inflows of $1 billion into India

OUTLOOK - USDINR

The 74.2 objective that we have been rooting for in the last few days, was achieved yesterday. Ideally this surge could extend to 75.5, but favoured view expects a consolidation prior to that. If such consolidation lets prices float above 74, expect upsides to continue. Else, expect slippage to 73.80

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