The volumes on the Indian rupee options soared after India's strikes in Pakistan, suggesting that the currency may go through a volatile patch on the back of the heightened tensions between the two nuclear-armed neighbours.

The Indian rupee may weaken amid escalating tensions with Pakistan, with currency analysts warning it could breach the 87-mark against the dollar if the war-like situation persists. “If escalation happens, we can expect the rupee touching or breaching the 87 mark,” a currency expert with a state-owned bank said, requesting anonymity.