{"id":29272,"date":"2022-03-14T19:43:21","date_gmt":"2022-03-14T14:13:21","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ukraine-rupee-sbi\/"},"modified":"2022-03-14T19:43:21","modified_gmt":"2022-03-14T14:13:21","slug":"biz-ukraine-rupee-sbi","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ukraine-rupee-sbi\/","title":{"rendered":"Rupee unlikely to be majorly impacted due to Russia-Ukraine war: SBI research"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4036167899\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Kolkata, Mar 14 (PTI) The ongoing conflict between Ukraine and Russia is unlikely to have any major impact on the Indian rupee and the forex volatility in the country (USD\/INR) has been much less now as compared to the global financial crisis which took place in 2008, SBI said in its Ecowrap research report.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4223236167\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>        The report said that though the conflict between the two CIS nations may drag on for now, it is expected that the USD\/INR, the most tracked pair in the local forex market, will trade at an elevated zone. But ideally, the expected average range of the rupee is expected to be in the band Between Rs 76 to Rs 78 to the USD with an appreciated bias.<\/p>\n<p>        During the global financial crisis, the rupee had continued to decline and lost 13 per cent from January 2008 to July 2011. However, in the post-crisis period, the volatility had become significant (4.6 per cent) and INR declined 41 per cent between July 2011 and November 2013. \tHowever, this time the rupee volatility had been much less, the report stated.<\/p>\n<p>        Meanwhile, it said, the RBI has been active in the foreign exchange market and actively propping up the rupee.<\/p><div class=\"trade-content_5\" id=\"trade-2643093979\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        Simultaneously, with foreign exchange intervention, also a part of inflation targeting, the rupee has been largely devoid of any serrated volatility which had worked favourably for the INR having an appreciating bias that has also helped keep the imported inflation in check, the report said.<\/p>\n<p>        Such interventions creating liquidity is now also being managed by swaps to delay the liquidity impact of intervention.<\/p>\n<p>        The central bank might look at the NFD (non-deliverable forward) market instead of the offshore market through banks during the Indian time zone, the report said, adding that this has the benefit of not impacting rupee liquidity. It will also reduce the arbitrage. PTI dc NN   NN<\/p>\n<div class=\"trade-after-content\" id=\"trade-1822917111\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Kolkata, Mar 14 (PTI) The ongoing conflict between Ukraine and Russia is unlikely to have any major impact on the Indian rupee and the forex volatility in the country (USD\/INR) has been much less now as compared to the global financial crisis which took place in 2008, SBI said in its Ecowrap research report. The [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1795,31],"tags":[],"class_list":["post-29272","post","type-post","status-publish","format-standard","hentry","category-foreign-exchange-and-rupee-price","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rupee unlikely to be majorly impacted due to Russia-Ukraine war: SBI research - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ukraine-rupee-sbi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rupee unlikely to be majorly impacted due to Russia-Ukraine war: SBI research\" \/>\n<meta property=\"og:description\" content=\"Kolkata, Mar 14 (PTI) The ongoing conflict between Ukraine and Russia is unlikely to have any major impact on the Indian rupee and the forex volatility in the country (USD\/INR) has been much less now as compared to the global financial crisis which took place in 2008, SBI said in its Ecowrap research report. 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