Indian Option Costs Drop Most in Six Weeks Amid Rate Speculation
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India’s benchmark gauge of demand for equity options fell the most in six weeks as speculation grew the central bank will lower interest rates.
The India VIX index sank 5.9 percent to 16.02 at the close in Mumbai, a second day of losses. The CNX Nifty index jumped 2 percent to 8,518.55, rising the most since Jan. 15.