Iran War Hurting Rupee? Market Expert Explains

Asianet News English

Market expert Sunil Shah breaks down the real reasons behind the pressure on the Indian rupee amid the ongoing Iran conflict.From rising crude oil prices to geopolitical uncertainty and foreign capital outflows, multiple global factors are weighing on the currency. He also explains how RBI interventions, inflation risks, and higher import costs are shaping India’s economic outlook.What should traders and investors watch next? Get a clear, simple explanation of how global tensions are impacting your money.

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00:00If the macros of the country, they turn bad because of elevated energy prices, because our dependence on energy is,

00:11I mean, 75 to 80 percent we import.

00:14So high energy prices is detrimental for the economic growth of our country. And when the economic growth slows down

00:24or the projected growth we cannot achieve, it will have a negative impact on the macros.

00:31And this rupee pressure what you are seeing is due to fear that the CAD, the current account deficit may

00:40widen as the prices of oil has gone up, the exports are hit to some extent, there is issues regarding

00:50the production and the supply chain disruption and that is the reason you are seeing pressure on the rupee.

01:04You

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