USDINR
On Thursday, We are expecting Rupee likely to commence the session near support levels between 74.90 – 75.00 levels despite the dollar recovered from a loss after reports the Omicron coronavirus variant is spreading and oil prices turned down, hurting commodity currencies.
India's aviation regulator said it would announce the resumption of scheduled commercial international flights in "due course" instead of a planned restart on Dec. 15 due to the global spread of the Omicron coronavirus variant.
India posted a record merchandise trade deficit of $23.27 billion in November compared with $10.19 billion a year ago, preliminary data released by the government showed on Wednesday.
India's merchandise exports rose to $29.88 billion for the month from $23.62 billion in the same period last year, while imports rose to $53.15 billion in November from $33.81 billion last year.
India's manufacturing activity grew at the fastest pace in 10 months in November, buoyed by a strong pick-up in demand, but higher inflationary pressure left factories worried about their future prospects, a private survey showed on Wednesday.
Day Trend: - UP SIDE SELL
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