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* The benchmark US10 year yields firm. US central bank said last week It would likely pull back on its $120 billion a month government bond purchasing program as soon as November.

* The benchmark US10 year yields firm. US central bank said last week It would likely pull back on its $120 billion a month government bond purchasing program as soon as November

* The 10 year yields gained 4 basis points on Friday to 1.453% after ending the week at1.37%.

* Oil jumps to three year highs. WTI above 75, Brent approaches 80.

* Global oil output disruptions have forced energy companies to pull large amounts of crude out of inventories, while a shortage of natural gas in Europe pushed costs up across the continent.

OUTLOOK - USDINR

USDINR swung between 73.55 and 73.93 last week, while maintaining an upward bias on anticipated lines. Favoured view sees a test of 74-74.2, but, inability to float above 73.75 could suggest weakness. A collapse is less expected though.

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