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* USDINR closed 12 paise higher at 72.79 yesterday

* FBIL set the reference rate for USDINR at 72.6845 and Euro at 86.8812

* RBA governor Lowe: RBA to maintain policy support until employment, inflation goals are met

* US tresury secretory Janet Yellen: US inflation risk remains small and manageable

* India surpasses Russia to 4th in countries with most Forex reserve

* US 10yr tresury yield spike continues, new high at 1.63%

OUTLOOK - USDINR

Rupee opened 25 paise higher at 72.66, from its previous close against the US dollar and it finally closed flat at 72.79, up 12 paise last day. USDINR had gained as far as the intraday high of 72.62 and fell to an intraday low of 72.85. The dollar index which compares the strength of the dollar against 6 major currencies rose by 0.57% and closed at 91.94. Brent crude future fell 0.13% to trade at $69.53/barrel. USDINR near futures are at 72.9000 with the next support seen at 72.7775 and next resistance seen at 73.0175 ahead of market opening today.

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