West Asia conflict poses a substantial risk to the global economy, including India. Illustration: Dado Ruvic/Reuters Key Points In Asia, reserve adequacy varies widely among major importers. Costly energy imports would weaken the rupee, raise inflation. While China’s roughly 401
Sensex and Nifty post steepest weekly loss in over a year, falling nearly 3 per cent. Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes. Domestic equity markets resumed their sharp decline on
India’s trade exposure to West Asia is significant. Between April and December, India exported goods worth about $50 billion to 13 countries in the region, accounting for roughly 15 per cent of total outbound shipments. Imports stood at $116.45 billion
The conflict in West Asia intensified with Iran continuing to pound several Gulf countries in retaliation for the joint attack against it by Israel and the US. The US and Israel have also carried out fresh strikes on Iran. Photograph:
Escalating geopolitical tensions and weak global cues triggered a significant stock market downturn in India, wiping out ₹16.32 lakh crore of investor wealth in just two days. IMAGE: Kindly note that this image has been posted for representational purposes only.
Traders said the USD/INR pair remains under pressure as investors are moving toward safe-haven assets. Moreover, persistent foreign capital outflow from the equities, and fears grow that expensive imports will hurt the trade balance. Illustration: Dominic Xavier/Rediff Key Points The
Gas importer Petronet LNG Ltd has informed gas marketers of Qatar halting its liquefied natural gas production after Iran continued to strike Gulf countries IMAGE: 3D printed oil pump jacks and Qatar flag. Illustration: Dado Ruvic/Reuters Key Points Qatar supplies
