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An SBI Ecowrap report argues the RBI should let the rupee appreciate to reduce imported inflation while metal prices are rising. It says the US dollar is likely to stay weak and that large dollar supply will limit how much the rupee can strengthen.
The report is an analyst recommendation rather than a policy change, so it is unlikely to move USD/INR much, though it points to a firmer rupee if the RBI follows it.
asianlite.comNewsdeskNov 26, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
