Brent crude has surged above $100 a barrel, intensifying fears of prolonged supply disruptions amid escalating tensions around the Strait of Hormuz.
The shock quickly reached Indian markets. The Sensex plunged 813 points, slipping below the 75,000 mark, while the rupee weakened to around ₹95 per dollar as investors turned cautious.
Rising oil costs could add pressure to India’s inflation, import bill and corporate earnings if the energy shock continues.
The Bharatio Times | Business & Markets
The shock quickly reached Indian markets. The Sensex plunged 813 points, slipping below the 75,000 mark, while the rupee weakened to around ₹95 per dollar as investors turned cautious.
Rising oil costs could add pressure to India’s inflation, import bill and corporate earnings if the energy shock continues.
The Bharatio Times | Business & Markets