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* USDINR closed 16 paise higher at 73.35 yesterday

* GBP climb to 2 month high helped by weak dollar, lockdown easing,improved economic forecast and market relief of scottish election outcome

* Success of EU post pandemic recovery fund could lead to it repeating in future to fuel growth

* US dollar at more than 2 month low as inflation expectation climb to over 7 year high at 3.4%

* China inflation rate at 7 month high at 0.9 vs 0.4 last vs 1% expected

OUTLOOK - USDINR

Rupee opened 17 paise higher at 73.34, from its previous close against the US dollar and it finally closed a net 16 paise higher at 73.35 yesterday. USDINR had gained as far as the intraday high of 73.33 and fell to an intraday low of 73.48. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.09% and closed at a 2 month low of 90.15. Brent crude futures rosel 0.51% to trade at $68.63/barrel. USDINR near futures are at 73.5475 with the next support seen at 73.4592 and next resistance seen at 73.6567 ahead of market opening today.

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