Indian assets may take a turn for worse if border conflict deepens

INSUBCONTINENT EXCLUSIVE:
major economy, which is battling headwinds from a rebound in oil prices to the uncertainty surrounding the upcoming elections. The rupee has
gone from being the best-performing Asian currency last quarter to the worst this year, sovereign bonds are set for a second month of
after Pakistani fighter jets struck at targets inside Indian-controlled Kashmir, prompting both nations to close down large swathes of
airspace as tensions between them reached their highest point since a 1971 war
per cent
The SP BSE Sensex of stocks erased almost all of its intraday gain of 1.1 per cent to end marginally in the red
analysts to say markets are underestimating the impact of a further flare-up. Optimism about the US-China trade talks and the Brexit delay
countries moved ballistic missiles and troops to their border following an attack on Parliament in New Delhi that was also blamed on
Jaish-e-Mohammad
under pressure after blaming Pakistan for the worst attack on security forces in Kashmir in decades earlier this month
Saktiandi Supaat at Maybank wrote in a note, advising clients to buy the rupee on declines. Maybank iss not alone in recommending the
buy-the-dips strategy
ground