Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Middle East Tensions Could Pose Only Minimal Risk To Rupee, Growth: Report
(MENAFN- IANS) New Delhi, March 5 (IANS) Escalating conflict in the Middle East could only cause minimal rupee depreciation and disruption in growth while defence stocks and precious metals could rally, a report said on Thursday.
The report from asset management firm Shriram Wealth said a 10 per cent rise from RBI’s baseline assumption of crude oil price could lift inflation by 30 bps but weaken the rupee and growth minimally.
The same could cut growth by 15 bps, while a 5 per cent rupee depreciation could raise inflation by 35 bps but add 25 bps to GDP growth, it added.
The firm forecasted that depreciation in INR is likely to be capped on account of RBI FX intervention.
“Additionally, reversal of ongoing tensions should help the local currency stabilize. Based on these assumptions, we noted limited upside risks of oil prices to domestic inflation and growth outlook,” the report said.
The RBI’s baseline assumption for crude oil in H2FY26 was $70 per barrel with INR at 88 per dollar, and the Indian crude basket has averaged $65 and spot INR at 89.5 in the second half of FY26, the report said.
India’s overall macros such as forex reserves exceeding $700 billion, manageable trade & current account deficits, low inflation & interest rates, contained fiscal deficit are in a fairly strong position providing resilience to the broader economy, the report noted.
Sectors reliant on crude inputs such as chemicals, paints, pharma, airlines, tyres and OMCs may face margin pressure, while companies with meaningful Middle East exposure could see operational and earnings risks.
“The defence sector is likely to benefit from improving sentiment amid rising global defence spending. Any further escalation in conflict is likely to support gold and silver prices in the short term, which would be positive for gold and silver ETF investments,” it said.
Nearly 9 million Indians reside in the Middle East, contributing 38 per cent of remittances, and the region accounts for 15 per cent of India’s exports and 21 per cent of imports.
-IANS
aar/pk
MENAFN05032026000231011071ID1110820729