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* USDINR fell 24 paise to close at 74.10 yesterday

* We do not see a case of sustained dollar appreciation: Goldman Sachs

* USD stalls after huge gaining week, Q&A session with fed chair Jerome Powell today to give direction

* Bank of England stay aplit on bond purchase program after inflation hits 2 year high

• Euro rise above $1.19 after rebounding from 2 month low supported by ECBs hopes of economic recovery

OUTLOOK - USDINR

Rupee opened 34 paise lower at 74.20 from its previous close against the US dollar and it finally closed a net 24 paise lower at 74.10 yesterday. USDINR had gained as far as the intraday high of 74.08 and fell to an intraday low of 74.28. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.52% and closed at 91.85. Brent crude futures rose 2.21% to trade at $74.94/barrel. USDINR near futures are at 74.1975 with the next support seen at 74.0767 and next resistance seen at 74.3492 ahead of market opening today.

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