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News Box

* USDINR closed 6 paise higher at 73.10 yesterday

* Economic data for EUR, AUD, GBP and USD in focus today

* US tresury says that they proposed global minimum tax rate of 15% at OECD meeting

* Britains economic growth will be faster than expected after quick vaccine rollout: Reuters

* Australia retail sales growth at 1.1% vs 0.5% estimate vs 1.3% previous

* Japan services PMI declined to 9 month low of 45.7 from 48.3 a month earlier

OUTLOOK - USDINR

Rupee opened flat at 73.16, from its previous close against the US dollar and it finally closed a net 6 paise higher at 73.10 yesterday. USDINR had gained as far as the intraday high of 73.08 and fell to an intraday low of 73.17. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.47% and closed at 89.75. Brent crude futures fell 2.67% to trade at $65.11/barrel. USDINR near futures are at 73.1775 with the next support seen at 73.1167 and next resistance seen at 73.2717 ahead of market opening today.

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