# Rupee weakness poses a ‘dilemma' for RBI

> Bloomberg reports that JPMorgan economist Sajjid Chinoy said a sustained rupee weakness could push the Reserve Bank of India to tighten monetary policy as early as its October meeting. The rupee lost 3.5% in August and is Asia's worst performer this year, mainly on concerns about a widening current-account deficit.

- Date: 2018-09-03 · published 2018-09-03T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/63327-rupee-weakness-poses-a-and-8216-dilemma-for-rbi
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Expected RBI tightening and a weak rupee would squeeze Indian domestic demand and raise import costs, which could limit Indian buying of imported feed ingredients.

## Read by commodity

- USDINR: bullish ▲

## Sources

- livemint.com: https://www.livemint.com/Home-Page/FU7YaB1VjxKOdkaCGo68dO/Rupee-weakness-poses-a-dilemma-for-RBI.html

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