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OVER US$815 MLN LOSS INCURRED DURING MUMBAI TERROR ATTACKS.

AsiaPulse News

| December 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMBAI, Dec 1 Asia Pulse - The 60-hour terror ordeal that struck Mumbai on Wednesday night caused a blow of nearly Rs 4,000 crore (US$815 million) to the financial capital of the country, industry experts said on Saturday.

"It is an overall loss of the economy as hotels, shops and all businesses were closed. A minimum of Rs 1,000 crore (US$204 million) per day is lost when such a shut-down takes place," Assocham Secretary D S Rawat said.

"If you take the impact for four days due to the siege, then the overall loss could be over Rs 4,000 crore," he added.

On Thursday the Bombay Stock Exchange, National Stock Exchange and Commodity exchanges were shut and many of the corporate offices had reported skeletal staff presence as ...

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