India says airstrike hit major militant camp inside Pakistan
11:30, 26/02/2019, TuesdayU: Update: 11:31, 26/02/2019, Tuesday
REUTERS
India's Foreign Secretary Vijay Gokhale
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Indian markets fell on Tuesday amid concerns over increased tensions with Pakistan. The rupee weakened to 71.16 per dollar compared with Monday's close of 70.9850.
The 10-year benchmark bond yield rose to 7.61 percent compared with 7.58 percent on Monday, while the broader NSE stock index declined 1.17 percent.
Shelling across the LoC has occurred frequently over the past few years but airspace violations by jets are extremely rare.
New Delhi said in 2016, following another large attack on Indian security forces in Kashmir, that its troops crossed the LoC to carry out a "surgical strike" on suspected militant camps in Pakistan Kashmir. Islamabad denied anything serious occurred.
Indian Prime Minister Narendra Modi, facing a tight election in the next couple of months, has vowed a strong response to the Feb. 14 attack, the deadliest single assault on Indian forces in 30 years of insurgency in Jammu & Kashmir, India's only Muslim-majority state.
Pakistani Prime Minister Imran Khan denied his country was involved and offered to help investigate the attack if any credible evidence was provided.
