Indian markets reacted to a global downturn. US stocks fell as escalating tensions between the US and Iran overshadowed a calm inflation report. Investors worried about rising oil prices impacting consumer spending. Saudi Arabia increased oil production and the IEA released reserves to stabilize markets. The US Federal Reserve is expected to maintain interest rates amid concerns of potential stagflation.
Crude at $120 poses multi-channel risk, but demand still resilient: Aurodeep Nandi
Rising Brent crude prices and a weakening rupee are raising concerns for India’s economy. Policy interventions, including controlled fuel prices and tax reductions, are currently