There is an atmosphere of tremendous tension in the Middle east at this time. After the Israeli attack on iran, the situation is expected to become more dire. In such a situation, when crude oil has jumped by about 12 percent, RBI has taken steps to control the market. The central bank sold dollars on friday to stop the falling rupee.

Also, during the initial trading, the indian rupee fell to 86.20 against the US dollar. However, later the central bank's intervention was directly beneficial and the rupee rose to 86.04.

Tremendous pressure on the rupee

This tremendous pressure on the indian rupee has come at a time when, according to reports, attacks were carried out on Iran's nuclear development institutions to stop Tehran from making nuclear weapons. After this, crude oil has jumped by about 12 percent to 78 dollars per barrel. iran has said that it will take action in response to this attack. After this, the threat of a long-term war has started looming in the Middle East. Also, there may be obstacles in the routes of global oil supply, including the Strait of Hormuz.

What will be the effect on India?

In such a situation, any kind of increase in tension in that region will have a direct impact on oil and it is believed that it will definitely affect the countries like india which are its big importers. india imports about 85 percent of its oil needs. In such a situation, if the price of oil increases, not only will India's trade deficit increase but there will also be tremendous pressure on the rupee and inflation may increase. Although, no comment has been made by the RBI in this regard yet, but in the past it has taken every step so that any challenge can be overcome. Especially when the country faces crisis due to global turmoil.

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Kokila Chokkanathan

14/06/2025 10:51 AM