Huge power outage in Mumbai halts some trading and rail services
Bond traders said trading volumes narrowed immediately after the outage but recovered later
12 October 2020 - 13:08
Mumbai/New Delhi — India’s financial capital saw its worst blackout in decades because of a grid failure, disrupting transport networks and briefly hitting trading volume in bond markets.
Mumbai, home to India’s biggest stock exchanges, financial regulators and the central bank, witnessed a power outage at about 10am local time. Power tripping — or an overload in the circuit that forces the system to shut down automatically — was the reason for the grid’s collapse, according to local power utility Tata Power. ..
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