Mumbai, Aug. 28 -- A combination of elevated crude oil prices and a weakening rupee could intensify inflationary pressures in India and weigh on domestic money-market conditions if the conflict in West Asia leads to prolonged disruptions in global oil supplies, according to Emkay Wealth Management.

In its latest Navigator report on Brent crude, Emkay said the impact of the conflict on oil-importing economies could extend beyond higher crude prices, with currency weakness potentially amplifying the pressure on the domestic economy.

"For India, the risk is not limited to higher crude prices," said Dr Joseph Thomas, Head of Research at Emkay Wealth Management, adding that a weaker rupee alongside elevated oil prices could magnify the domes...