India's stock market and bonds continued their decline on Friday as hostilities between India and Pakistan escalated. The NSE Nifty 50 Index once fell 1.4%, the biggest drop in two weeks, then rebounded. The 10-year Treasury yield rose 4 basis points to 6.44%, continuing the 6 basis point increase from the previous trading day. The Indian rupee fell in early trading, but then recovered some of its losses.

India's stock market and bonds continued their decline on Friday as hostilities between India and Pakistan escalated. The NSE Nifty 50 Index once fell 1.4%, the biggest drop in two weeks, then rebounded. The 10-year Treasury yield rose 4 basis points to 6.44%, continuing the 6 basis point increase from the previous trading day. The Indian rupee fell in early trading, but then recovered some of its losses.