USD/INR falls to 54.18/19 after data shows industrial output jumped 8.2 percent in October, well above the forecast for a 4.5 percent rise. The pair was trading at around 54.24/25 before the data.

Other markets show more muted reaction, given output data is known for its volatility. Investors also waiting to see the monthly inflation data due on Friday.

India's 10-year bond yield flat at 8.18 percent from levels before the data, while stock index BSE extends gains slightly to 0.4 percent.


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