# Indian Rupee: 'Impossible Trinity' pushing Reserve Bank toward stronger rupee - Times of India

> A Bloomberg analysis says the Reserve Bank of India is likely to let the rupee strengthen as it struggles with the impossible trinity, since inflation from supply chain and food price pressures has blocked rate cuts. The article notes the economy is forecast to shrink 10.3% in the year to March 2021.

- Date: 2020-10-27 · published 2020-10-27T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/50894-indian-rupee-impossible-trinity-pushing-reserve-bank-toward-stronger-rupee
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Expected rupee appreciation would lower import costs for Indian feed and oilseed buyers, while persistent food inflation signals firm domestic food demand.

## Read by commodity

- USDINR: bearish ▼

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/impossible-trinity-pushing-reserve-bank-toward-stronger-rupee/articleshow/78887465.cms

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