# Large dollar supply will ensure that rupee appreciates: SBI report  - The HinduBusinessLine

> A State Bank of India Ecowrap report says large dollar supply will push the rupee higher from current levels. It argues the Reserve Bank of India can allow the appreciation to reduce imported inflation as metal prices rise and to drain excess liquidity.

- Date: 2021-05-10 · published 2021-05-10T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/47388-large-dollar-supply-will-ensure-that-rupee-appreciates-sbi-report-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger rupee would lower India's domestic cost of imported commodities, including feed inputs. The report's view points to continued rupee appreciation.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/money-and-banking/large-dollar-supply-will-ensure-that-rupee-appreciates-sbi-report/article34525493.ece

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