# RBI won’t allow runaway rupee gains despite high CPI, says ICICI Bank - The HinduBusinessLine

> 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.

- Date: 2020-09-23 · published 2020-09-23T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/51378-rbi-won-t-allow-runaway-rupee-gains-despite-high-cpi-says-icici-bank-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Continued RBI intervention to cap rupee gains supports a relatively weaker rupee, which keeps Indian import costs for feed commodities somewhat elevated.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/money-and-banking/rbi-wont-allow-runaway-rupee-gains-despite-high-cpi-says-icici-bank/article32674553.ece

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