Forex, interest rate traders turn cautious after Pahalgam terror attack

Quick Summary:

A day after the attack, the Indian rupee posted its worst performance in two weeks, falling to 85.

Kashmir has been at the heart of India-Pakistan animosity for decades and the site of multiple wars, insurgency and diplomatic standoffs.

India's 5-year overnight index swap rate has risen 12 basis points from Wednesday's low, while the 1-year OIS is up by about half that amount.

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Category: BusinessFinance

Markets: IndiaPakistan

Topics: Banker Forex and swap trader Dharamraj Dhutia Nimesh Vora Kashmir US Dollar/Indian Rupee FX Spot Rate Manish Bhargava CEO FX Spot Rate Alok Sharma Foreign Secretary Bank Indian Rupee Swap trader Head of treasury Mrigank Dhaniwala THOMSON REUTERS US Dollar Vikram Misri Senior treasury official Straits Investment Management New Delhi Islamabad

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 13:40:36 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 28186489

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