Perspective on the US and Israel attack on Iran by Nachiketa Sawrikar, Fund Manager, Artha Bharat Global Multiplier Fund
Below the Perspective on the US and Israel attack on Iran by Nachiketa Sawrikar, Fund Manager, Artha Bharat Global Multiplier Fund
In February, equity markets were already fragile, with the S&P 500 and the Nasdaq Composite declining in the USA, and India’s Nifty 50 down on a year-to-date basis.
Against this backdrop, a USA and Israel attack on Iran would likely trigger broad selling of risky assets across both the developed and emerging markets.
We would expect the ongoing rally in USA Treasuries, oil, gold, and silver to extend. For India, the impact is typically magnified: higher crude oil prices widen the current account deficit, stoke domestic inflation, pressure the rupee, and could lead to FII outflows as global investors reduce risk exposure
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