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Border tension: Equities, gold rise; rupee falls
May 08, 2025
|The Morning Standard
Rupee saw its worst single-day fall since April 9; equities market closed slightly higher; gold rallied over ₹500/10g
DOMESTIC equity benchmarks closed marginally higher in a volatile session on Wednesday as the country launched missile strikes on terrorist hideouts in nine places inside Pakistan and Pakistan-occupied Kashmir (PoK).
The local currency logged its worst single-day fall in a month, losing 0.5% to close at 84.8250, its worst performance since April 9.
Other asset classes - safe haven gold and government bonds - performed mixed, with gold rallying 540/10 grams to 99,150 but benchmark 10-year bond yield fell to 6.3381% on Wednesday.
هذه القصة من طبعة May 08, 2025 من The Morning Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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