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In Pics: Russia-Ukraine war to complete 100 days on Friday; here's how it has impacted India

In Pics: Russia-Ukraine war to complete 100 days on Friday; here's how it has impacted India

Business Today Desk

Updated Jun 2, 2022, 4:23 PM IST

The Russia-Ukraine war has lasted almost 100 days and has impacted Indian economy, markets, domestic currency.

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Indian economy has been hamstrung by the ongoing Russia-Ukraine crisis as experts are of the opinion that inflation will be a persistent issue for a while.

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While Chief Economic Adviser (CEA) V Anantha Nageswara Rao acknowledged heightened inflation, he did not give any hint of stagflation, according to news agency Reuters. Stagflation occurs when a country’s economic growth slows, demand falters and unemploy

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Foreign portfolio investors (FPIs) have pulled out over Rs 1 lakh crore from the Indian markets in the three months since the Russia-Ukraine stalemate began.

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Rupee depreciated ~4 per cent from 77.53 on February 24 against the US dollar to 77.7 against the dollar on May 31. February 24 was when the war between Russia and Ukraine began.

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Prices of commodities like vanaspati oil, wheat, mustard oil, sugar, masoor dal and arhar dal were also impacted adversely.

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Vanaspati oil on May 31, 2022 was 26.6 per cent costlier than the same day in 2021 whereas wheat was 14.3 per cent higher.

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Prices of masoor dal were 11.6 per cent higher on May 31 this year compared to the previous year.

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Arhar dal prices, however, went down by 5.2 per cent on May 31 this year compared to the previous year.

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