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* USDINR closed 31 paise lower at 75.05 yesterday

* FBIL set the reference rate for USDINR at 74.1172 and Euro at 88.0097

* PBOC inject CNY 100bn via 1yr medium term lending facility

* Australia March employment at 70.7k vs 35k Reuters poll

* EUR and USD in focus with economic data and central bank chatter scheduled

OUTLOOK - USDINR

Rupee opened 22 paise lower at 74.96, from its previous close against the US dollar and it finally closed a net 31 paise lower at 75.05 on monday. USDINR had gained as far as the intraday high of 74.74 and fell to an intraday low of 75.14. The dollar index which compares the strength of the dollar against 6 major currencies fell by 0.1% and closed at 92.09. Brent crude futures rose 0.22% to trade at $63.49/barrel. USDINR near futures are at 75.2150 with the next support seen at 74.8975 and next resistance seen at 75.4900 ahead of market opening today.

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