Indian rupee, shares slump after claim of ‘surgical strike’

Indian rupee, shares slump after claim of ‘surgical strike’

World Economy News

NEW DELHI: Indian shares, bonds and the rupee fell sharply on Thursday after Indian army made a false
claim of conducting a surgical strike across the Line of Control (world economy news).

Investors in India had already been growing cautious ahead of the Reserve Bank of India s policy review on Tuesday.

The Nifty was down 1.5 percent after falling as much 2.07 percent.

Benchmark 10-year bond yields were up 8 basis points at 7.00 percent from its previous close while the
rupee weakened to 66.80/81 from its close of 66.46 on Wednesday.

 

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