The rupee opened 14 paise down on May 9 after a night of drone and missile strikes as India and Pakistan conflict worsens.
The currency opened at 85.85 against the dollar after ending the previous session at 85.71, its worst day in almost three years.
On May 8, the rupee ended around 1.04 percent, its worst single day fall in almost three years, as Pakistan hit a number of border areas and bases overnight. India retaliated with strikes on Lahore, Rawalpindi and other Pakistani cities.
The sell-off was also triggered after the government said that Operation Sindoor was still on and that India would hit back if Pakistan escalated the situation.
Follow our live blog for the latest on India-Pakistan conflict
On May 8 night, India repulsed waves of Pakistani missiles and drone attacks aimed at its border areas and military bases in Jammu, Pathankot, Udhampur and other locations.
A day earlier, India launched Operation Sindoor in the early hours , hitting nine terror bases in Pakistan and Pakistan-occupied Kashmir two weeks after 26 people were killed in a terror strike in Kashmir’s Pahalgam on April 22. Two of the terrorists were Pakistani citizens.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
