The former Australian opener suggested that KKR could benefit from releasing Iyer and attempting to buy him back at a more balanced price point.
Rahane admitted KKR have struggled to find a successful opening pair and their combinations have been failing to make a dent.
'Alyssa is my most favourite Australian right now and not Mitch Starc. He is No. 2.'
Iyer, who has been a revelation this season, played some fluent drives en route his half-century.
Which MI bowler impressed you the most?
Other than the batters, some excellent catching from both teams was the highlight at the hallowed Eden Gardens.
After KKR wickets tumbled in an ugly mess, the team dugout must have thought that they had grabbed defeat from certain victory, but Rahul Tripathi ensured that outcome would not come to pass.
Kolkata Knight Riders bowling unit may have failed miserably against Sunrisers Hyderabad, but Nitish Rana, the losing side's skipper, still backs his bowlers, saying the same set will deliver for him in the upcoming IPL matches.
Just when it looked like RCB were back in the game, Sunil Narine, who had done the job with the ball (4 for 21), came out to bat and wasted no time to get going and tilt the momentum back in KKR's favour.
Bhuvneshwar Kumar conceded four runs in the 19th over as the West Indies fell short by eight runs in an exciting finish.