Indian bond yield open higher at 6.37 percent on May 7 after Indian armed forces carried out strikes on nine terror targets in Pakistan and Pakistan occupied Kashmir (PoK), including the Jaish-e-Mohammad's headquarters in Bahawalpur and Lashkar-e-Taiba's base in Muridke.
The yield on 10-year benchmark bond 6.79 percent 2034 opened at 6.37 percent against the previous close of 6.35 percent.
Indian armed forces launched Operation Sindoor in the early hours of May 7, two weeks after 26 people were killed in a terror strike in Kashmir's Pahalgam. Two of the terrorists involved in the attack have been identified as Pakistani citizens.
The nine spots targetted by the Indian Air Force included terror headquarters of banned Jaish-e-Mohammed, Lashkar-e-Taiba and Hizbul Mujahideen.
The markets were trading lower and the rupee too faced downward pressure following the strike as concerns over retaliation by Pakistan and escalation of the conflict mounted.
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