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* USDINR closed 27 paise higher at 74.41 on Friday

* US tresury secretery Janet Yellen urges congress to raise US debt limit

* Fed's Barkin says that demand for labour outweighs supply despite delta varient of Covid-19

* fed could start taper purchases between October and December: Fed's Bostic

* Australia business sentiments decline to -8 in July vs 11 previous vs 14 expected amid lockdown

* Economic data from Australia and US in focus today, Inrastructure bill could be approved today

OUTLOOK - USDINR

Rupee opened flat at 74.14 from its previous close against the US dollar and it finally closed a net 27 paise lower at 74.41 yesterday. USDINR had gained as far as the intraday high of 74.11 and fell to an intraday low of 74.54. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.20% higher at 92.97. Brent crude futures fell 1.61% to trade at $69.77/barrel. USDINR near futures are at 74.4225 with the next support seen at 74.3458 and next resistance seen at 74.4733 ahead of market opening today.

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