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* Rupee ended its 10-day rally and settled at 74.46 on Friday, though the dollar index declined globally.

* WTI and Brent oil futures were down on Friday by 1% and 0.8% respectively. Crude oil futures rose by 57% in 2021.

* Gold was up on Friday despite a notable improvement in the market's appetite for risk as Omicron fears abate.

* 10 Yr. US treasury yields closed above the 1.5% compared to 0.9% at the beginning of 2021

* indicating a rise in the year despite the impact of the pandemic.

OUTLOOK - USDINR

A reversal move could unfold, especially given the steepness of the falls in the recent days. But, favoured view expects initial such attempts to be short lived, and turn prices lower again towards 73.82. It would require a close above 74.64 to usher in sustainable upsides.

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