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Rupee falls 30 paise to 85.88 against US dollar in early trade

Mumbai, May 9 (PTI) The rupee depreciated 30 paise to 85.88 against the US dollar in early trade on Friday, weighed down by intensifying geopolitical tensions between India and Pakistan. Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market leading to the rupee weakness. Besides, increased demand for the US dollar further dented investor sentiments. At the interbank foreign exchange, the domestic unit opened at 85.88 against the greenback, registering a fall of 30 paise over its previous close. On Thursday, the rupee saw its steepest single-day fall in more than two-and-a-half years

India says military stations attacked by Pakistan drones and missiles

JAMMU, India/ISLAMABAD, May 8 (Reuters) – Blasts rang out across the Indian city of Jammu late on Thursday during what the government said was a Pakistani drone and missile attack on military stations around the Kashmir region on the second day of clashes between the nuclear-armed neighbours. Sirens sounded and red flashes and projectiles erupted in the night sky above Jammu for about 2-1/2 hours, a Reuters journalist said, in what appeared to be an escalation in the countries’ worst confrontation in more than two decades. Two days of fighting have killed nearly four dozen people. “Military stations at Jammu,

Pakistan launched multiple attacks along India’s western border, India says

JAMMU/SRINAGAR, India, May 9 (Reuters) – Pakistan’s armed forces launched “multiple attacks” using drones and other munitions along India’s entire western border on Thursday night and early Friday, the Indian army said, as conflict between the nuclear-armed neighbours intensified. The old enemies have been clashing since India struck multiple locations in Pakistan on Wednesday that it said were “terrorist camps” in retaliation for a deadly attack in its restive region of Kashmir last month, in which it said Islamabad was involved. Pakistan denied the accusation but both countries have exchanged cross-border firing and shelling and sent drones and missiles into

India suspends flight operations and closes 24 airports as Pakistan resumes flights nationwide

NEW DELHI, May 9, 2025 (AP) — Airlines in India have suspended flight operations from two dozen airports across northern and western regions of the country amid heightened tensions with Pakistan. India’s Civil Aviation Ministry late Thursday confirmed in a statement the temporary closure of 24 airports. Pakistan, meanwhile, resumed flights nationwide after a suspension at four airports, according to the Civil Aviation Authority. In advisories to passengers, India’s key domestic airlines said their flights would remain suspended until Saturday from airports including Amritsar in northern Punjab and Srinagar in India-controlled Kashmir, bordering Pakistan. Indigo, the country’s biggest domestic carrier,

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