India’s benchmark Sensex index dropped nearly 1,000 points — a 1.29% decline — marking a third consecutive day of losses driven by surging oil prices and heavy sell-offs in IT stocks. The Reserve Bank of India added to the unease, warning in its latest bulletin that “upside risks have increased” on the inflation front, driven by supply-side disruptions including the ongoing conflict in the Middle East. Deputy Governor Poonam Gupta confirmed the RBI is taking a cautious approach but has not ruled out the risk of sustained inflation if the war persists.
Indian Markets Slide as Oil Prices Surge and Inflation Fears Mount
