Oil above $100: How soaring crude prices are hitting India — explained in 10 charts
timesofindia.com / May 18, 2026, 21:38 (IST)
Geopolitical tensions in the Middle East are significantly impacting India's economy. Rising crude oil prices have led to a Rs 3 per litre fuel hike, eroded investor wealth by over Rs 5.85 lakh crore, and pushed the rupee to an all-time low. Foreign investors are also withdrawing funds, while the import bill has surged.