# Rupee won't keep up its strong start to 2022, ICICI Bank says

> ICICI Bank's B. Prasanna said the rupee, up 0.7% in 2022, is likely to weaken over the longer term as foreign inflows ebb, with a widening trade deficit and high oil prices favoring depreciation. He expects the central bank may intervene to stem the rupee's recent slide.

- Date: 2022-01-12 · published 2022-01-12T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/43422-rupee-won-t-keep-up-its-strong-start-to-2022-icici-bank-says
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A forecast of rupee depreciation would raise India's cost of dollar-priced feed imports over time, though it is an analyst view rather than a new market-moving event.

## Read by commodity

- USDINR: bullish ▲

## Sources

- theprint.in: https://theprint.in/economy/rupee-wont-keep-up-its-strong-start-to-2022-icici-bank-says/801298/

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