NEW DELHI: Indian prime minister-elect Sonia Gandhi faced her first crisis yesterday, before even taking power, when pivotal leftists refused to formally join her government and markets crashed on fears over economic policy.
Shares on the Bombay bourse plunged as much as 17.5% – the worst fall in its 129 years. Trading was halted twice, for a total of three hours, before the index closed 11% down, extending big losses last week. The rupee and bonds also fell.
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