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News 

* USDINR closed flat at 74.18 on friday

* India's forex reserve has declined $4bn from its record high to $603.92bn during previous week

* Inflationary pressure likely to remain subdued due to sticky deflationary mindset: BoJ

* Dollar index trades below 10 week high as upside momentum declines post fed dovish stance

* Australian economy now larger than pre pandemic levels. Job vacancy rates at 12.5 year high

* Japanese unemployment data, speeches from ECB's Guindos and Fed's Williams in focus today

OUTLOOK - USDINR

Rupee opened 4 paise higher at 74.14 from its previous close against the US dollar and it finally closed a flat at 74.18 on Friday. USDINR had gained as far as the intraday high of 74.13 and fell to an intraday low of 74.24. The dollar index which compares the strength of the dollar against 6 major currencies closed flat at 91.81. Brent crude futures rose 0.60% to trade at $76.03/barrel. USDINR near futures are at 74.2250 with the next support seen at 74.1633 and next resistance seen at 74.2758 ahead of market opening today

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