Last week featured significant central bank meetings, with the Federal Open Market Committee (FOMC) convening on March 20 and deciding to hold interest rates between 3.5% and 3.75%. Financial markets showed considerable declines, with the Nifty 50 Index dropping 2.6% following heightened tensions between the US and Iran. Meanwhile, oil prices surged due to the Iranian blockade of the Strait of Hormuz, increasing inflation concerns in the US.