India Markets React After Surgical Terror Strikes in Pakistan

September 29, 2016 7:21 AM

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India’s rupee and bonds extended losses, while local stocks plunged after the nation said it attacked terrorist camps in Pakistan.

The currency fell 0.7 percent, the most since June, to 66.91 per dollar as of 1:28 p.m. in Mumbai. The benchmark S&P BSE Sensex dropped 1 percent, paring an earlier loss of 2 percent. The yield on sovereign notes due September 2026 surged 8 basis points to 6.86 percent, set for the biggest jump for ...

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