# USD/INR trade: RBI may look at intervening in NDF market, says SBI report - The HinduBusinessLine

> SBI's economic research department projects the USD/INR rate to stay elevated but average 76-78 per dollar in FY23, with an appreciating bias, assuming the Russia-Ukraine conflict continues. The report also suggests RBI could intervene in the NDF market without affecting rupee liquidity.

- Date: 2022-03-14 · published 2022-03-14T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/42543-usd-inr-trade-rbi-may-look-at-intervening-in-ndf-market-says-sbi-report-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A projected stronger rupee would lower the cost of rupee-priced imports such as edible oils and feed ingredients, though the outlook remains elevated versus recent levels.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/money-and-banking/usdinr-trade-rbi-may-look-at-intervening-in-ndf-market-says-sbi-report/article65223692.ece

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