India's central bank faces one of the toughest interest rate calls in recent memory this week, as the Middle East energy shock, a slumping currency and a weak monsoon risk both crimping growth and stoking inflation.
The rupee has tumbled to record lows since the Iran war broke out at the end of February, as a resultant spike in crude prices delivered a severe blow to Asia's third-largest economy, which imports nearly 90% of its oil needs.
