Market LIVE Updates: Indices continue to rise after a gap-up opening; catch latest on F&O rollover data, Russi - CNBCTV18

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Russia-Ukraine Crisis | Oil could pose challenges to India's inflation, BoPoutlook, saysCiti'sSamiranCkakrabortySamiranCkakrabortyof Citi believes oil prices could pose challenges to Indias inflation and balance of payments (BoP) outlook. "We estimate the sensitivity of Indias macro economy to them. The impact of the conflict could also be felt through the risk-off channel with portfolio outflows, falling asset prices and depressed urban consumer sentiment acting as headwinds for the economy," he adds.Ckakrabortyhighlights the economic variables that could affect India adversely on account of the Russia-Ukraine crisis:--Countries at center of conflict not major trade partners of India but might be exposed to some product concentration risk--84 percent of Indias import of sunflower oil come from Ukraine--These geopolitical tensions important to track because almost half of Indias defense imports come from RussiaCatch latest from CNBC-TV18's coverage of Russia-Ukraine war