India VIX Advances to Eight-Month High as Stocks Extend Retreat
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The benchmark gauge of Indian option prices advanced to an eight-month high as stocks fell for a second day before the central bank’s decision tomorrow on interest rates.
The India VIX, a measure of protection against stock market swings, rose 1.2 percent to 21.41 at the close in Mumbai. The CNX Nifty Index slid 0.1 percent to 8,797.40, adding to its 1.6 percent tumble on Friday, the steepest in three weeks.