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ICICI Bank analysts say the RBI will keep intervening to prevent sharp rupee appreciation despite high consumer inflation above the tolerance band. The central bank is balancing liquidity needs for a slowing economy with managing capital inflows.
Continued RBI intervention to cap rupee gains supports a relatively weaker rupee, which keeps Indian import costs for feed commodities somewhat elevated.
thehindubusinessline.comBloombergSep 23, 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.
