Indian markets crash after claim of ‘surgical strike’
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 in Pakistan.
Investors has 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.
Source : Reuters