New Delhi, March 5 -- India has stepped up efforts to safeguard its economy as the escalating Middle East conflict threatens energy supplies and the safety of millions of Indian workers in the region. The government has constituted a high-level panel to monitor risks and ensure smooth trade flows despite global disruptions.

RBI Intervenes to Stabilise Rupee

The Reserve Bank of India has stepped up surveillance of the currency market as volatility increased following the crisis. Market traders said the central bank intervened on Wednesday to stabilise the rupee after it fell to a record low against the US dollar.

Economists warn that India is among the more vulnerable Asian economies to the fallout of the US-Israel conflict with Iran, p...