The global rating agency Standard & Poor's (S&P) today said the terror attacks in Mumbai were an isolated case and that it does not expect any negative implications on India's macro economic activities or the government's fiscal position from the attacks.S&P expects a short-term negative impact on the currency, and stock markets as well as a slowdown, in tourist arrivals but that such effects would recede with time if there were no further attacks.
Terrorists armed with grenades and rifles stormed into Mumbai city, India's financial capital, late on Wednesday, 26 November 2008. The battle between the police and terrorists was still going on at Nariman House and at Oberoi Trident in Nariman Point more than 36 hours after the attacks.
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