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* USDINR rose 8 paise to close at 74.28 yesterday

* With rising inflation, after Fed, BoE may feel it is time to start rate hike: Reuters, JP Morgan

* US infrastructure bill ready to be announced, speaker Pelosi and senator Schumer not endorsing it yet

* Fed's Rosengren says that he expects inflation higher than 2% next year

* US tresury secretery request congress to raise debt ceiling to avoid catastrophic default

* BoE monetory policy decision puts the Pound in focus today

OUTLOOK - USDINR

Rupee opened 10 paise higher at 74.26 from its previous close against the US dollar and it finally closed a net 8 paise higher at 74.28 yesterday. USDINR had gained as far as the intraday high of 74.16 and fell to an intraday low of 74.39. The dollar index which compares the strength of the dollar against 6 major currencies rose 0.09% and closed at 91.79. Brent crude futures rose 0.47% to trade at $75.44/barrel. USDINR near futures are at 74.3100 with the next support seen at 74.1933 and next resistance seen at 74.4358 ahead of market opening today.

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