India, July 9 -- Brent crude touched an intraday high of $80.59 per barrel before easing to around $77.60, while WTI traded near $73. The rupee remained under pressure, government bond yields firmed up, and Indian equity markets witnessed heightened volatility as investors assessed the potential impact of rising energy prices.

Crude oil remains one of the most important macroeconomic variables for India, which imports nearly 85 percent of its crude oil requirement. Any sustained increase in global oil prices directly impacts inflation, the current account deficit, fiscal balances and corporate profitability, making geopolitical developments in the Middle East closely watched by both policymakers and investors.

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