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* US consumer prices increased further in November as the cost of goods and services rose broadly amid supply constraints, leading to the largest annual gain since 1982.

* Oil futures rose in expectation that Omicron variant might not disrupt the oil demands and also due to the rise in US inflation.

* Gold price inched higher after high US consumer prices lifted is appeal as inflation hedge.

* The European Central Bank and the Bank of Japan are set to review their monetary policies this week.

OUTLOOK - USDINR

The spike to 75.85 may find difficulty in sustaining. Pull back to 75.65 will however help towards accumulation and continued upsides towards 77. Alternatively, fall below 75.45 will break the upside momentum.

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