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* USDINR fell for a seventh consecutive day and closed 1 paise lower at 73.32 yesterday

* Dollar jumped to a 6 week high after Federal reserve hold rates but give its projections for interest rate hikes for 2023

* Australia jobless rate drop to 17 month low at 5.1% vs 5.5% expected and previous

* US 10yr tresury yields rise as Fed says PCE inflation is expected at 3.4% this year vs 2.4% in March

* RBA's Lowe reiterates Australian Economy's need for stimulus, bond purchase to continue

OUTLOOK - USDINR

Rupee opened 2 paise higher at 73.29 from its previous close against the US dollar and it finally closed almost flat, a net 1 paise lower at 73.32 yesterday. USDINR had gained as far as the intraday high of 73.26 and fell to an intraday low of 73.38. The dollar index which compares the strength of the dollar against 6 major currencies rose 0.98% and closed at 91.39. Brent crude futures fell 0.55% to trade at $74.01/barrel. USDINR near futures are at 73.4200 with the next support seen at 73.3058 and next resistance seen at 73.5083 ahead of market opening today.

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