India's crude import bill is set to surge as oil prices approach $100/barrel, driven by the escalating US-Iran conflict.
Goldman Sachs warns a full closure of the Strait of Hormuz could send prices to $120, a scenario that would severely strain India's import-dependent economy.
The rupee remained firm, but Indian markets fell sharply, with the Sensex dropping over 500 points as investors weighed the conflict's...
