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* USDINR closed 7 paise lower at 72.62 yesterday

* FBIL set the reference rate for USDINR at 72.6558 and Euro at 86.023

* World Bank forecast China's economy to expand 8.1% in 2021 vs 2.3% in 2020 • US gdp growth revised to 4.3% vs 4.1% earlier forecast

* Dollar index gain upward momentum amid better than expected jobless claims and revised gdp

OUTLOOK - USDINR

Rupee opened 13 paise down at 72.68, from its previous close against the US dollar and it finally closed lower at 72.62 yesterday. USDINR had gained as far as the intraday high of 72.57 and fell to an intraday low of 72.69. The dollar index which compares the strength of the dollar against 6 major currencies rose by 0.14% and closed at 92.66. Brent crude future fell 1.4% to trade at $63.32/barrel. USDINR near futures are at 72.6225 with the next support seen at 72.5575 and next resistance seen at 72.7125 ahead of market opening today.

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