Tag: war

The RBI is taking a cautious approach as it sees GDP slowing in the fiscal year 2026/7 to 6.9% from 7.6% amid higher prices as a result of the war in the Middle East.

As oil prices soar, one senior economist argues the currency is "adjusting to a new global equilibrium". Foreign investors pulled over $10bn from Indian shares in March and the RBI is introducing controls on banks' FX positions.

The war in the Middle East is causing market volatility leaving Apac treasurers and finance professionals needing to check a large number of variables.

The US president wrote about talks with Iran on his social media platform after giving Iran a 48-hour ultimatum to open the Strait of Hormuz. Stock markets in Apac fell heavily on March 23.

The Fed is concerned about inflation coming from tariffs and energy prices. An attack on the world's largest gas facility is increasing concerns of a prolonged conflict in the Middle East as the price of oil soars above $110 a barrel. Many Asian countries are taking emergency measures.

US president Donald Trump has suggested the war in Iran will end soon after the price of a barrel of oil climbed above $100. Countries across Asia have been trying to conserve energy.