A series of deadly attacks in India's commercial capital Mumbai forced a closure of the country's stock and commodity exchanges and drove up its risk premium in international credit markets, The Telegraph reports.
The central bank closed the bond and foreign exchange markets but said it would continue auctions to keep cash flowing through interbank lending markets, which seized up after the global financial crisis destroyed Wall Street banks in September. The capital markets regulator said the Bombay Stock Exchange and National Stock Exchange will be closed today after the attacks, which killed 101 people and brought the security forces into two luxury hotels in south Mumbai. US PRESIDENT-ELECT Barack Obama has formed a special advisory board to advise him on stabilising financial markets and ste...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
