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* USDINR closed 11 paise higher at 73.42 yesterday

* US dollar near its lowest level of the year as traders bet on fed remaining dovish and sharp inflation rise

* Economic data from UK and US inflation figures put GBP and USD in focus today

* Euros rise as german investor sentiments hit highest level since start of pandemic

* Pound jump to 10 week high as worries of Scotland referendum of leaving UK eases post election

OUTLOOK - USDINR

Rupee opened flat at 73.54, from its previous close against the US dollar and it finally closed a net 11 paise higher at 73.42 yesterday. USDINR had gained as far as the intraday high of 73.34 and fell to an intraday low of 73.64. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.12% and closed at 90.17. Brent crude futures rosel 0.56% to trade at $69.13/barrel. USDINR near futures are at 73.5375 with the next support seen at 73.4283 and next resistance seen at 73.6933 ahead of market opening today.

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