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Rupee to weaken after Pakistan official's comments heighten cross-border risks

APRIL 29, 2025

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MUMBAI, April 29 (Reuters) - The Indian rupee is set to weaken on Tuesday after comments from Pakistan's defence minister warning of an imminent military incursion by New Delhi raised concerns about a further increase in tensions between the two neighbours.


This comes after a deadly militant attack on tourists in Kashmir last week, for which India has blamed Pakistan.


The 1-month non-deliverable forward indicated that the rupee will open at 85.12-85.16 to the U.S. dollar compared with 85.03 in the previous session.

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