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Summary: Two seemingly unrelated events, the Middle East conflict and the PM's appeal to cut imports, are actually one story about rupee pressure and inflation. Investors should hold steady, but expect a slower, bumpier recovery than markets anticipate.
Summary: Two seemingly unrelated events, the Middle East conflict and the PM's appeal to cut imports, are actually one story about rupee pressure and inflation. Investors should hold steady, but expect a slower, bumpier recovery than markets anticipate. The first was the US-Iran war, and news of crude refining capacity being physically damaged. The second was the Prime Minister’s seven appeals on Sunday evening. Stop buying gold. Cut cooking oil. Avoid foreign travel. He used the phrase ‘guardian of the rupee’. Many of you wrote in. Should I sell my gold funds? Should I redeem my international portfolio
This article was originally published on May 18, 2026.
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