India's stock market plummeted 9.2% today after market regulators said it may introduce investment controls that would restrict the inflow of capital from overseas funds, The Times reports.
Trading was suspended for an hour as the Bombay stock exchange Sensex index registered its biggest fall in two months. The fall was a reaction to a statement late on Tuesday by the Securities & Exchange Board of India (SEBI) regulator that it intended to change policies on the issue of participatory notes to foreign investors. Participatory notes are instruments that allow foreign funds not registered with the market regulator to invest in Indian shares. THE PRICE OF oil raced towards $88 per barrel yesterday breaking records and putting further intense upward pressure on petrol prices,...
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