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* USDINR broke its 3 day losing streak and closed 18 paise higher at 72.91 yesterday

* UK finance minister Sunak highly optimistic about g7 agreement on various issues including tax hike

* US dollar index hits 3 week high on upbeat labour market, services data and tapering bets

* Policymakers expected to leave rates at record low ahead of RBI meeting today

* UK services PMI jump to a 24 year high of 62.9 vs 61.8 estimate

* Eurozone service sector growth at 3 year high at 55.2 vs 55.1 estimate

OUTLOOK - USDINR

Rupee opened 9 paise lower at 73.17 from its previous close against the US dollar and it finally closed a net 18 paise higher at 72.91 yesterday. USDINR had gained as far as the intraday high of 72.90 and fell to an intraday low of 73.18. The dollar index which compares the strength of the dollar against 6 major currencies rose 0.03% and closed at 89.94. Brent crude futures rose 0.17% to trade at $71.47/barrel. USDINR near futures are at 73.1175 with the next support seen at 72.8125 and next resistance seen at 73.4100 ahead of market opening today.

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