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Rupee falls most in a month after Indian strikes in Pakistan raise tensions

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The Indian rupee experienced its steepest single-day drop in a month amid escalating geopolitical tensions following Indian military strikes in Pakistan. The rupee fell nearly 0.5% against the U.S. dollar, reflecting market jitters over potential conflict between the two nuclear-armed nations. As both countries engage in military actions, market stability remains uncertain. The Reserve Bank of India may intervene to manage currency volatility, while overall risk appetite declines across Asian financial markets.