Indian rupee ended considerably lower against dollar on Thursday on emergence of demand for the greenback from importers. Traders were worried with private report stating that India's retail inflation likely accelerated last month towards the upper limit of the Reserve Bank of India's target range as fruit and vegetable prices climbed. Investors paid no heed towards a private report stating that India's outbound goods shipments rose 44.24% year-on-year in the first week of December, led by a jump in exports of petroleum products, gems and jewellery and engineering goods. On the global front; euro, sterling and dollar stabilised on Thursday amid hopes some COVID-19 vaccines might be able to neutralise new coronavirus variant Omicron.
Finally, the rupee ended 75.60 (Provisional), weaker by 10 paise from its previous close of 75.50 on Wednesday. The currency touched a high and low of 75.60 and 73.45 respectively.
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