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News Box

* USDINR closed 7 paise higher at 73.22 yesterday

* FDI hits all time high in FY21 with $43.336bn: RBI data

* RBA leaves rates unchanged, aiming for wages to grow sustainably above 3%

* Japan GDP at -1.3 vs -1.2 expected vs 2.8 last

* Fed's Kaplan: We have tools to deal with inflation, but if we use them, they can have a jarring effect

OUTLOOK - USDINR

Rupee opened 5 paise higher at 73.24, from its previous close against the US dollar and it finally closed a net 7 paise higher at 73.22 yesterday. USDINR had gained as far as the intraday high of 73.16 and fell to an intraday low of 73.26. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.09% and closed at 90.23. Brent crude futures rose 0.19% to trade at $68.84/barrel. USDINR near futures are at 73.4375 with the next support seen at 73.3167 and next resistance seen at 73.5092 ahead of market opening today.

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