Rupee falls most in a month after Indian strikes in Pakistan raise tensions

Rupee fell nearly 0.5% to 84.8250/USD, its worst drop since April 9, amid India-Pakistan tensions.

India struck nine Pakistani sites; Pakistan claimed downing five Indian jets.

RBI may intervene to curb volatility; traders scaled back bullish rupee bets.

Asian currencies, including yuan and rupiah, also declined; markets await Fed decision.