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* USDINR ended 4 paise higher at 72.92 on friday

* FBIL set the reference rate for USDINR at 72.8986 and Euro at 87.1979

* US tresury secretary Janet Yellen says that US could return to full employment soon if 1.9tn stimulus package is approved

* Indias Forex reserves at record high of $590.18bn, up by $4.85bn this week

* PBoC injects 10bn Yuan in open market operation

OUTLOOK - USDINR

Rupee opened flat at 72.98 versus previous close of 72.96. Amid event risk from the RBI policy decisions, Rupee gained 4 paise to close at 72.92. USDINR had gained as far as the intraday high of 72.80 and fell till intraday low of 72.99. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.13% and closed at 91.41. Brent crude futures climbed 1.24% to close at $59.57/barrel. USDINR near futures are at 73.0675 with the next support seen at 72.9433 and next resistance seen at 73.1858 ahead of market opening on monday. RBI decieded to keep repo rate unchanged at 4%, reverse repo at 3.35% and also maintain an accomodative stance in order to help economic revival amid impacts of Covid-19.

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