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News Box

* USDINR closed 19 paise higher at 74.45 yesterday

* Important not to tighten monetary policy prematurely: BoJ summary of opinions

* AUD steady as CPI data at 3.8% actual and expected which is a 13yr high

* US inflation expectation eases from 7 week high ahead of FOMC meeting

* US democratic leader Chuck Schumer expect senate to pass infrastructure bill by end of the week

* ECB's De Cos says keeping flexibility in emergency bond buying post pandemic and transition to other asset purchases should be considered

OUTLOOK - USDINR

Rupee opened flat at 74.26 from its previous close against the US dollar and it finally closed a net 19 paisa lower at 74.45 yesterday. USDINR had gained as far as the intraday high of 74.25 and fell to an intraday low of 74.49. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.17% lower at 92.47. Brent crude futures fell 0.30% to trade at $74.65/barrel. USDINR near futures are at 74.4800 with the next support seen at 74.3675 and next resistance seen at 74.5750 ahead of market opening today.

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