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News 

* USDINR rose 10 paise to close at 74.18 yesterday

* BoE unanimously vote to keep benchmark lending rate at 0.1%, cites inflation as temporary

* Significant bond market correction likely in next 3 months, higher yields in an year: Reuters

* US banks clear Fed's stress test, pandemic restrictons on stock buy back and dividend payment lifted

* Economic data puts EUR and USD in focus, US infrastructure deal also in focus

OUTLOOK - USDINR

Rupee opened 8 paise higher at 74.20 from its previous close against the US dollar and it finally closed a net 10 paise higher at 74.18 yesterday. USDINR had gained as far as the intraday high of 74.16 and fell to an intraday low of 74.25. The dollar index which compares the strength of the dollar against 6 major currencies rose 0.03% and closed at 91.81. Brent crude futures rose 0.19% to trade at $75.58/barrel. USDINR near futures are at 74.2075 with the next support seen at 74.1417 and next resistance seen at 74.2842 ahead of market opening today.

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