The Indian rupee, equities and bonds dropped on Thursday, pressured by risk aversion after India said it pushed back Pakistani retaliation overnight. The rupee dropped 1% to 85.71, the Nifty 50 benchmark share index declined 0.

Currency experts said that there was Reserve Bank of India’s (RBI) intervention in the market at 85.49 levels, which helped the levels to come down by 10 paise on foreign exchange.

The S&P BSE Sensex fell 412 points, or 0.51%, to close at 80,335, while the NSE Nifty 50 dropped 141 points, or 0.58%, to end at 24,274. The broader market sentiment worsened, with the advance-decline ratio turning negative at 1:3,