A new, highly mutated strain of the Covid-19 Virus was detected in Kerala, Health Minister says it is not a cause for concern

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The discovery of the Omicron variant was announced on November 25.

International and Indian markets experienced a sharp dip on Friday after reports of the new South African variant of the virus.

“There is currently no information to suggest that symptoms associated with Omicron are different from those from other variants," the body added.

After scientists expressed concern regarding the new variant that was discovered in South Africa, global markets took a dip.

Some economists feel a reverse repo rate hike is due in December.

The new strain has more than 50 mutations with a total of over 30 changes in the spike protein.