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* US Retail sales rose 1.7% in October, topping expectations of a 1.4% rise. Dollar rose to a 16month high.

* Stronger retail sales data keeps 10 year US treasury yields afloat above 1.60% despite pulling back from earlier session highs.

* Gold enters corrective decline, after hitting a 5-month high, as strong retail data pushes the dollar upward.

* Oil futures exhibit mixed trends as tightening global inventories push up the price against the downward pull of global increase in production and rising covid cases.

OUTLOOK - USDINR

USDINR remained stuck to 74.40 on anticipated lines. We continue to be in wait for a push beyond 74.55-30 for the next sizeable move.

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