Loading…
The rupee weakened sharply to its steepest fall in more than two years, closing down 1% at 85.71 per dollar. The drop followed India's statement that it had neutralised Pakistani attempts to target military sites, and Indian equities and bonds also sold off, with the 10-year bond yield rising about 7 basis points.
Geopolitical tension raises risk premia and capital outflows, which weaken the rupee and make dollar-priced feed imports more expensive for India. Continued escalation could keep import costs elevated.
reuters.comJaspreet KalraMay 8, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
