India, March 4 -- The West Asian has started taking toll on the geo-economics. When the US attacked Iran, it was beginning of a war that had all the makings of a regional war. And it did become a regional war quickly as Iran retaliated and attacked the US bases across the Gulf. The widening scope of the war has bruised the business sentiments across the world markets.

Back home in India, as elsewhere, the oil prices are going up and rupee continues to depreciate. Equities and bonds are also under strain. Meanwhile, the Reserve Bank of India is making efforts to hold the currency from downslide.

The Reserve Bank of India (RBI) has intervened and sold dollars through state-run banks after the rupee came under pressure. The currency fell n...