Market News
Indian forex markets largely unfazed by India strikes in Pakistan - REUTERS
MUMBAI, May 7 (Reuters) - India's forex markets exhibited resilience on Wednesday following India's strikes in Pakistan, with the rupee's decline aligning with other Asian currencies and forward premiums witnessing few fluctuations.
The rupee was last quoted at 84.5875 against the U.S. dollar, a 0.2% decline for the day, largely mirroring the 0.2%-to-0.4% drop in its Asian peers such as the offshore Chinese yuan, Thai baht, and Indonesian rupiah.