# USD/INR rebounds even as RBI Governor says India unlikely to face a situation of stagflation — Octa

> RBI Governor Shaktikanta Das told the Financial Times he does not expect India to face stagflation and that consumer inflation should moderate. The USD/INR pair nonetheless rose 0.5% to 73.48 after hitting multi-month lows of 73.05, helped by month-end dollar demand.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/51872-usd-inr-rebounds-even-as-rbi-governor-says-india-unlikely-to-face-a-situation
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The move is a short-term currency swing with little direct effect on feed commodity prices, though it shifts the cost of imported inputs for Indian buyers.

## Read by commodity

- USDINR: bullish ▲

## Sources

- ms.octabroker.com: https://ms.octabroker.com/markets/news/view/846242/

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