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* USDINR closed 9 paise lower at 72.55 yesterday

* FBIL set the reference rate for USDINR at 72.7097 and Euro at 86.7572

* China is acting more aggressively and repressively: US Secretery of State, Antony Blinken

* US industrial output drops 2.2% this month, the biggest fall in 10 months

* US retail sales fall 3% in February

OUTLOOK - USDINR

Rupee opened almost flat 3 paise lower at 72.49, from its previous close against the US dollar and it finally closed lower at 72.55, down 9 paise yesterday. USDINR had gained as far as the intraday high of 72.36 and fell to an intraday low of 72.64. The dollar index which compares the strength of the dollar against 6 major currencies rose by 0.09% and closed at 91.86. Brent crude future fell 0.65% to trade at $68.76/barrel. USDINR near futures are at 72.6225 with the next support seen at 72.4800 and next resistance seen at 72.7700 ahead of market opening today.

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