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* USDINR fell 26 paise to close at 74.36 yesterday

* RBA to hike rates in November 2022 well ahead of 2024 as forecasted: Commonwealth bank of Australia

* BoJ members agree on economic recovery ahead but shares view on uncertainity over projections: BoJ minutes

* Australia starting to consider China as security threat than economic partner amid bilateral tensions

* Dollar stayed sluggish as Fed's Powell downplayed inflation concerns and upbeat on labor market

* Private sector PMIs put the Euro, Pound and dollar in focus

OUTLOOK - USDINR

Rupee opened 6 paise lower at 74.16 from its previous close against the US dollar and it finally closed a net 26 paise lower at 74.36 yesterday. USDINR had gained as far as the intraday high of 74.05 and fell to an intraday low of 74.40. The dollar index which compares the strength of the dollar against 6 major currencies fell 0.15% and closed at 91.71. Brent crude futures rose 0.19% to trade at $75.08/barrel. USDINR near futures are at 74.3675 with the next support seen at 74.1617 and next resistance seen at 74.5142 ahead of market opening today.

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