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* USDINR closed 3 paise lower at 74.10 yesterday

* Fed's Daly: High inflation doesn't suggest Fed needs to chane course

* Fed's Kaplan: Tapering of Fed's bonds to start soon and begradual

* BoE to keep stimulus pumping despite strong economic recovery and inflation rebound: Reuters

* India Markit services PMI at 45.4 vs 41.2 previous vs 50 forecast

* Australia imports rise 1%, exports at 23 month high as record trade surplus seen

* BoE MPC meeting, economic data from US and Canada in focus today

OUTLOOK - USDINR

Rupee opened flat at 74.13 from its previous close against the US dollar and it finally closed a net 3 paise higher at 74.10 yesterday. USDINR had gained as far as the intraday high of 73.98 and fell to an intraday low of 74.15. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.23% higher at 92.28. Brent crude futures fell 2.74% to trade at $70.87/barrel. USDINR near futures are at 74.3400 with the next support seen at 74.2592 and next resistance seen at 74.4242 ahead of market opening today.

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