Rupee falls 45 paise to close at 84.80 against US dollar on heightened cross-border tensions
Mumbai, May 7 (PTI) The rupee depreciated 45 paise to close at 84.80 (provisional) against the US dollar on Wednesday, as heightened cross-border tensions following India’s military strikes against terrorist camps in Pakistan and Pakistan-Occupied Kashmir weighed on the domestic currency. Indian armed forces on early Wednesday carried out missile strikes on nine terror targets in Pakistan and Pakistan-Occupied Kashmir including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba’s base in Muridke. The military strikes were conducted under Operation Sindoor two weeks after the Pahalgam attack that killed 26 civilians. Forex traders said the Indian rupee declined on Wednesday after the