A new challenge to the government and the RBI in the wake of the war
- If certain steps are not taken then adverse factors will become more prevalent in the near future Markets around the world, investors and economic policy makers are feeling the shadow of Russia's invasion of neighboring Ukraine, but if the conflict continues for a long time, India will be among the most economically affected countries. The rupee has fallen to record levels. The rupee has now become the worst performing currency in Asia at 404. This happened when the Reserve Bank of India took all measures to stem the rupee's decline. The stock market also saw a decline and the Sensex fell to its lowest level since mid-last year. The price of crude oil has reached સ્ત 150 a barrel and it is feared that if war continues, it could touch થી 150 to ૨ 200 a barrel in a few weeks. Under these circumstances, the apprehension being expressed about the weakness of the Indian economy is also understandable. Rising commodity prices could put pressure on our economy as we import 3% of ...