Rahul Gupta, Head of Research- Currency, Emkay Global Financial ServicesThe USDINR spot is trading within the tight range of 72.75-73.15. Currently, the market is flat and volatility is muted. The upbeat sentiments on account of optimism about a global recovery and inflows into local stocks will help Indian Rupee to appreciate, but likely RBI intervention at around 72.80-75.75 zone may limit the fall in USDINR pair. So we will expect USDINR spot to continue to trade sideways with bearish bias in between 72.75-73.20 zone. The 72.75 mark is acting as strong support and break of which could push prices towards 72.50. However, on upside 73.05-73.20 will continue to act asstrong resistance levels.