Brent crude above $100 a barrel may unsettle Indian markets in the near term, but it is unlikely to derail the broader investment case for the country, according to Harsh Gupta Madhusudan, Chief Equity Strategist at Ionic Asset.
While higher oil could pressure earnings and the rupee, he argues that the impact may be less severe than feared, with India’s growth backdrop, valuations and external balances providing a buffer even as global yields and geopolitical risks remain elevated.
