Debopam Chaudhuri

Debopam Chaudhuri

The author is chief economist, Piramal Finance

Debopam Chaudhuri

War, oil and the rupee: Why policy is playing defence, not stimulus

India's policy response to rising oil prices and geopolitical risks remains cautious, prioritising macroeconomic stability over stimulus as inflation pressures and second-order effects begin to emerge

Updated On: 30 Apr 2026 | 11:06 PM IST