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Safe for now, macro economy may take a hit if Russian-Ukraine war stretches

A feeble impact is already being felt, and if the conflict stretches way beyond March, it could have implications on growth, inflation, fiscal deficit and current account deficit

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9 min read Last Updated : Mar 28 2022 | 12:46 AM IST

Many had thought Russia would conquer Ukraine within 10-15 days, but it has been a month since the war began. It still isn't clear how long it will take for peace to resume in the region even as Ukraine president Volodymyr Zelenskiy has made it clear that the country will not join the North Atlantic Treaty Organization (NATO). Prospects of Ukraine becoming a member is what drew Russia's ire in the first place.

The rupee hasn't dropped below 80 a dollar so far, as most experts have been fearing. Also, global crude prices crossed $130 a barrel in between but

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