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News Box

* USDINR closed 20 paise lower at 73.27 yesterday

* RBA minutes: Highly accommodative policy should continue to reach full employment

* US 10yr tresury yields snap 2 day rise amid cautious mood

* India CPI retail inflation at 6 month high of 6.3% vs 4.2% previous

* Claimant count change data puts focus on GBP, balance of trade puts focus on JPY and Euro and May retail sales puts US dollar into focus today.

OUTLOOK - USDINR

Rupee opened 14 paise lower at 73.21 from its previous close against the US dollar and it finally closed a net 20 paise lower at 73.27 yesterday. USDINR had gained as far as the intraday high of 73.10 and fell to an intraday low of 73.28. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.01% and closed at 90.50. Brent crude futures rose 0.70% to trade at $73.29/barrel. USDINR near futures are at 73.3550 with the next support seen at 73.1867 and next resistance seen at 73.4867 ahead of market opening today.

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