India’s currency, stocks and growth projections take a beating as the country faces a triple energy shock due to Iran war.
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In a worst-case scenario where the war persists for much of 2026, the repercussions could be “catastrophic” for the rupee, which could plunge beyond 110 to the dollar, according to Bernstein, a global equity research firm. But even if it ends much quicker, there’s further pain ahead.
