Crude oil prices spike amid US-Iran war: How can it impact the Indian economy, stock market? Explained
Escalating tensions in West Asia have driven up crude oil prices, threatening India's heavily import-reliant economy. Higher crude oil prices can raise India's import bill, widen its current account deficit, weaken the currency, raise inflation, and trigger foreign capital outflows.
Escalating tensions in West Asia have driven up crude oil prices, threatening India's heavily import-reliant economy. Higher crude oil prices can raise India's import bill, widen its current account deficit, weaken the currency, raise inflation, and trigger foreign capital outflows.
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