India's Consumer Price Index for Nov measured at 4.91% - Geojit Financial Services
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* India's Consumer Price Index for Nov measured at 4.91%, remained within the tolerance level for the fifth consecutive month.
* Indian rupee traded low as US Dollar remained strong ahead of the Fed meeting.
* Crude oil prices plunged on Monday following UK's first omicron death. India to release five million barrels of crude oil from its strategic reserve.
* 10 Year US treasury yields fell ahead of the Fed meeting scheduled on 16th December.
* Gold prices rose, while investors look forward to the outcomes of Central Bank meetings.
OUTLOOK - USDINR
Expect consolidation within75.85 - 75.65 to help towards accumulation and continued upsides towards 77. Alternatively, fall below 75.45 will break the upside momentum.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
