Strait goes quiet, but it won’t be straight going for India
Oil prices will stay up. Current account deficit has widened. True, pressure on rupee will be mitigated by GOI, RBI actions & post-war investor relief. There’s El Nino, though. Growth this fiscal? 6.6% The 60-day ceasefire announced between Iran and US – expected to de-escalate hostilities and reopen the arterial Strait of Hormuz – offers…