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* 10Yr. US treasury yields fall after Powell’s statement to fight inflation.

* Rupee continued its rally and settled at 73.87 due to stronger domestic markets and weaker US Dollar.

* Gold ticked up as US Dollar eased amid rising treasury yields. Market awaits the US inflation data due on Wednesday for further moves.

* Crude oil prices rebounded on Tuesday supported by tight supply and expectations that demand won’t be disrupted by rising Omicron cases.

OUTLOOK - USDINR

Having achieved our target of 73.82 easily, the stage is set for faster falls to 73.1. However, any pull back beyond 73.86/74.07 could allow short covering to take shape.

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