# Emkay Says Oil and U.S. Yields Matter More to India Than Midterms | EconoTimes

> Emkay Global says Indian equities may be more sensitive to oil prices, the dollar and US Treasury yields than to the Nov. 3 US midterm results. It warns renewed Iran tensions could push oil higher and weigh on the rupee.

- Date: 2026-11-01 · published 2026-11-01T18:11:04.083Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/29949-emkay-says-oil-and-u-s-yields-matter-more-to-india-than-midterms-econotimes
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Higher oil from Iran tensions would worsen India's balance of payments and pressure the rupee, raising import costs for feed inputs.

## Read by commodity

- WTI: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-10-01 | [Dollar flat as US-Iran stand-off lifts oil, yields](https://feedsoft.ai/events/17639-dollar-flat-as-us-iran-stand-off-lifts-oil-yields.md) | -2.3% | +12.3% |
| WTI | 2019-04-29 | [What does US$100-per-barrel crude oil mean for the world’s economy? It depends how long the price holds and who you are \| South China Morning Post](https://feedsoft.ai/events/59757-what-does-us-100-per-barrel-crude-oil-mean-for-the-world-s-economy-it-depends.md) | -2.1% | -7.6% |
| WTI | 2021-02-25 | [Canadian dollar retreats from three-year high as U.S. bond yields soar - The Globe and Mail](https://feedsoft.ai/events/48889-canadian-dollar-retreats-from-three-year-high-as-u-s-bond-yields-soar-the-globe.md) | -3.0% | -3.3% |
| WTI | 2022-08-11 | [Canadian dollar rises to two-month high on growing signs of easing U.S. inflation  - The Globe and Mail](https://feedsoft.ai/events/40280-canadian-dollar-rises-to-two-month-high-on-growing-signs-of-easing-u-s.md) | -4.1% | -10.5% |
| WTI | 2022-09-27 | [Surging bond yields spook investors, capping Canadian dollar gains - The Globe and Mail](https://feedsoft.ai/events/39815-surging-bond-yields-spook-investors-capping-canadian-dollar-gains-the-globe-and.md) | +9.0% | +11.1% |

## Sources

- econotimes.com: https://econotimes.com/Emkay-Says-Oil-and-U-S-Yields-Matter-More-to-India-Than-Midterms-1768065

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.