The path for Indian rupee and government bonds this week hinges on the geopolitical fallout from the militant attack in Kashmir, traders said.

Indian authorities have detained at least 1,500 people in India-administered Kashmir after a militant attack killed 26 people this past week, a top police officer told NPR.

A day after the U.N. appealed for restraint following Tuesday's deadly attack in Indian-administered Kashmir, India reported an exchange of fire across the de facto border in the disputed region.