Hormuz disruption, $100 oil pose risks to India's inflation, rupee: Union Bank

The West Asia conflict and Strait of Hormuz disruptions pose significant risks to India's economy, driving crude oil prices above $100/bbl. This is pressuring inflation, the rupee, and the current account, with the Indian rupee already sliding to record lows. The RBI is intervening to stabilize markets amid these elevated geopolitical uncertainties.

Go to News Site