India Holds Rates Amid Iran War

India's central bank held interest rates steady, balancing growth and inflation risks amidst the Middle East conflict.

The decision comes as rising crude oil prices and a weakening rupee put pressure on the economy.

The Iran war has caused jet fuel prices to double, leading British Airways to warn of further fare increases.

Meanwhile, US retailers are seeing consumers rethink spending due to higher fuel prices.

The conflict has also led to bottlenecks in the Strait of Hormuz, impacting global food security.