India’s foreign exchange reserves stood at approximately 700 billion dollars providing a buffer against currency pressure from the ongoing global energy shock.
Tag: energy shock
Brent Crude at 110 Dollars Per Barrel as Hormuz Tension Sustains Oil Price Shock
Brent crude oil traded at around 110 dollars a barrel as the Strait of Hormuz blockade continued to constrict global oil supply.
Global Growth Forecast Cut to 2.5 Percent by UN as Iran War Energy Shock Bites
The United Nations reduced its global growth estimate to 2.5 percent citing higher energy costs and weaker trade flows caused by the Iran war.