Market reaction: Pulwama attack may push rupee to 72-mark in the short term

India's relatively strong economic growth, supportive central bank and tame inflation are likely to keep investors calm over the long-term, analysts said

The most serious attack to occur since Prime Minister Narendra Modi came to power in 2014 will add to the political uncertainty ahead of national elections this year and may cause at least a temporary reaction in the markets.

At least 40 security personnel died in the attack, which Modi described as “despicable” in a tweet on Thursday evening. Jaish-e-Mohammed, a United Nations-listed terror organization, claimed responsibility, according to Asian News International.

India’s relatively strong economic growth, supportive central bank and tame inflation are likely to keep investors calm over the long-term unless the situation escalates significantly, analysts said. Also,