# Falling rupee to hit Indian banking sector profitability | The National

> Moody's local unit ICRA warns that RBI efforts to tighten rupee liquidity to halt the currency's slide may squeeze Indian bank profitability. The rupee touched a record low on Thursday as oil prices rose.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/64795-falling-rupee-to-hit-indian-banking-sector-profitability-the-national
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The story concerns banking sector effects of currency defense rather than agricultural supply or demand. Its link to feed commodities is indirect, through Indian import capacity.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/banking/falling-rupee-to-hit-indian-banking-sector-profitability-1.745332

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