By Admin 
Operation Sindoor: In response to the Pahalgam terror attack, the Indian Army attacked the terrorist bases in Pakistan and Pakistan -occupied Kashmir in the early hours of Wednesday. This aerial attack of the Indian Army was named ‘Operation Sindoor’, targeting the Terror Base in POK. After this military action of India, the rupee weakened 31 paise in early trade on Wednesday to come to 84.66 against the dollar.
9 hideouts of terrorists destroyed
Let us know that the Indian Army destroyed the 9 locations of terrorists in Pakistan and POK on the night of Tuesday-Thursday. The Indian armed forces carried out missile attacks on nine terrorist bases including Jaish-e-Mohammed’s headquarters in Bahawalpur and Lashkar-e-Taiba camps in Muridke.
Action two weeks after the Pahalgam attack
This military action under ‘Operation Sindoor’ took place on the 15th day of the Pahalgam incident, in which 26 innocent people were killed. Most of them were tourists. Specialists at the currency market say that these military actions against terrorist bases have caught attention to the possible impact of the conflict on the rupee.
Military action impact on money
The Interbank opened at 84.65 against the rupee at 84.65 against the dollar in the foreign currency exchange market and it came to 84.66 against the dollar, which shows a fall of 31 paise in the previous closed price. On Tuesday, the rupee closed at 84.35 against the US dollar at 84.35. There is pressure on the rupee amid increasing uncertainty and tension with Pakistan.
RBI can intervene
According to the TOI report, Finrex Treasury Advisors LLP’s Treasury Head and Executive Director Anil Kumar Bhansali said, “In this case, you can buy an concerned importer about bookies and business.” However, we estimate that the Reserve Bank of India (RBI) will intervene to prevent any major decline in the rupee.
He further said, it is also being estimated that there may be a selling of shares by foreign investors in equity markets. However, they will not do this in a hurry, but will wait for the update that comes further. Today, there is a possibility of turmoil and some ups and downs in the market, but as we said earlier, controlling the instability of the market will depend on the RBI and they will decide where the rupee will stop today.
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