Iran prez Raisi's death unlikely to impact Indian markets
Business Standard|May 21, 2024
Iranian President Ebrahim Raisi's death in a tragic helicopter crash is not seen as having a big impact on the domestic markets unless it leads to any escalation in geopolitical tensions, according to experts.
SUNDAR SETHURAMAN

They believe the events in the next few days, including the details of the exact cause of the helicopter crash, should be monitored.

"If there is an impact on oil prices, then it will affect India's import bill. If Iran finds any Israeli hand in the president's death, then the tensions in West Asia could worsen, but that is not yet established, barring some speculation. As long as that is not the case and the succession takes place smoothly, there is no reason for much worry," said UR Bhat, cofounder of Alphaniti Fintech.

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