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* USDINR closed 11 paise lower at 73.99 yesterday

* US senate majority leader Schumer moves to close debate on $1 trillion inrastructure bill, awaiting vote

* Canada trade balance swing back to surplus with highest surplus seen since September 2008

* Japan personal spending drops 5.1% YoY, wages drop 0.1, first in 4 months

* BoE warns of inflation hitting 4% but keep rates unchanged

* RBI interest rate decision, economic data from US, Japan and Cananda in focus today.

OUTLOOK - USDINR

Rupee opened flat at 74.10 from its previous close against the US dollar and it finally closed a net 11 paise higher at 73.99 yesterday. Rupee gained as far as the intraday high of 73.99 and fell to an intraday low of 74.19. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.03% lower at 92.26. Brent crude futures rose 1.40% to trade at $71.86/barrel. USDINR near futures are at 74.2825 with the next support seen at 74.2067 and next resistance seen at 74.4042 ahead of market opening today.

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