# USD/INR Price News: Indian rupee buyers attack 75.00 on mixed concerns — Octa

> The Indian rupee traded near 74.95 per dollar on December 2, after a 0.12% intraday decline. Manufacturing activity rose to a 10-month high, while the trade deficit widened to a record $23.3 billion. Omicron concerns and Fed commentary kept markets cautious ahead of the US jobs report.

- Date: 2021-12-02 · published 2021-12-02T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/43899-usd-inr-price-news-indian-rupee-buyers-attack-75-00-on-mixed-concerns-octa
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The record trade deficit points to continued pressure on the rupee, which raises import costs for feed buyers. Short-term price moves are driven by broader dollar sentiment rather than new supply or demand shifts.

## Read by commodity

- USDINR: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/939864/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.