#39;RBI may intervene intermittently as rising oil prices, strong US dollar likely to weigh on rupee#39;

US rbi prices rupee rising
Gulf
  • Date: 07/19/2021
  • Source: Money Control
  • Sector: Oil & Gas
  • Country: Gulf

#39;RBI may intervene intermittently as rising oil prices, strong US dollar likely to weigh on rupee#39;

We expect RBI to intervene intermittently to avoid sharp weakness in rupee to limit the pass-through of imported inflation given the surge in input prices and sticky and elevated core CPI inflation, said Upasna Bhardwaj of Kotak Mahindra Bank.