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Hormuz shock could push India’s inflation higher as oil tops 100 and rupee slides
Economy
Published on 26 April 2026
Oil above 100 is already testing India’s rupee
Disruptions around the Strait of Hormuz amid West Asia conflict are lifting crude prices above $100 per barrel, creating fresh pressure on India’s inflation, the rupee and the current account. With the rupee already sliding to record lows, the RBI is stepping in to support market stability as geopolitical uncertainty worsens.
- Hormuz disruptions are pushing crude past $100
- Rupee weakness is intensifying the pressure on costs
- Inflation and the current account face new risks
- RBI intervention aims to steady markets
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times