MUMBAI: Indian shares, bonds and the rupee fell sharply on Thursday after India claimed to have attacked suspected militants in Pakistan, raising political tensions just days before the central bank is set to hold a policy review.
Investors had already been growing cautious ahead of the Reserve Bank of India´s policy review on Tuesday.
The broader NSE index 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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