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* USDINR closed 9 paise lower at 74.32 yesterday

* Australia trade balance: Exports up 6%, Imports up 3%

* Japan business confidence at 2.5 year high as Covid cases eases: Tankan

* Canadian economy contracted in April for the first time in 11 months, though lesser than estimate, expecting slightly positive growth in 2nd quarter: BoC

* Caixin China manufacturing PMI at 3 month low at 51.3 in June vs 52 in May

OUTLOOK - USDINR

Rupee opened flat at 74.23 from its previous close against the US dollar and it finally closed a net 9 paise lower at 74.32 yesterday. USDINR had gained as far as the intraday high of 74.23 and fell to an intraday low of 74.45. The dollar index which compares the strength of the dollar against 6 major currencies closed 0.31% higher at 92.36. Brent crude futures fell 0.06% to trade at $75.23/barrel. USDINR near futures are at 74.5350 with the next support seen at 74.4033 and next resistance seen at 74.6758 ahead of market opening today.

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