
The only gunman captured after a 60-hour terrorist siege of Mumbai said he belonged to a Pakistani militant group with links to the disputed Himalayan region of Kashmir, a senior police officer said Sunday.
A 60-hour terror rampage across India's financial capital ended Saturday when commandos killed the last three gunmen holed up in a luxury hotel engulfed in flames. At least 195 people died.
While the loss of life in Mumbai is horrific, the financial markets are reacting by selling risk and this is manifested in selling equities and buying US dollars. We have not seen any panic running into short-term US Treasuries.