Rising oil prices to affect inflation and interest rates
pre-market1 source ↓written by the desknot a recommendation
In an interview with India Today, Nilesh Shah, Managing Director at Kotak Mahindra Asset Management, noted that rising oil prices are set to impact inflation and subsequently interest rates. He attributed the recent market downturn to geopolitical tensions and ongoing Foreign Portfolio Investment outflows, emphasizing the macroeconomic challenges posed by the global oil supply shortage.
Not investment advice. For informational purposes only.