# Why RBI may intervene to curb rupee volatility but not prevent depreciation in the long run

> Commentary argues the RBI may intervene to curb rupee volatility, but cannot prevent long-run depreciation. The rupee had slumped near 77 per dollar as oil prices surged and foreign portfolio investors pulled roughly $13 billion from Indian equities.

- Date: 2022-03-11 · published 2022-03-11T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/42549-why-rbi-may-intervene-to-curb-rupee-volatility-but-not-prevent-depreciation-in
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Persistent rupee weakness and higher oil keep India's imported feed and energy costs elevated, supporting firmer rupee-denominated prices for imported feed ingredients.

## Read by commodity

- USDINR: bullish ▲

## Sources

- theprint.in: https://theprint.in/ilanomics/why-rbi-may-intervene-to-curb-rupee-volatility-but-not-prevent-depreciation-in-the-long-run/867815/

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