Mumbai Braces for More Rain After Heaviest Downpour in 12 Years – Bloomberg

India’s weather office forecast “heavy to very heavy” rainfall for parts of Mumbai a day after the nation’s commercial capital suffered the worst downpour since 2005.

The city’s Santacruz weather center recorded 33.1 centimeters of rain in 24 hours that ended at 8:30 a.m. on Wednesday, the most since 94.4 centimeters of precipitation recorded 12 years ago. Authorities asked residents to stay at home even as suburban train services, which carry 8 million passengers daily, resumed services. Jet Airways India Ltd. canceled 12 flights from Mumbai citing weather conditions, while the Mumbai airport said it was was functioning normally.

“Trading volumes will remain weak as most market participants couldn’t turn up at their offices,” said Nilesh Dedhia, director at NTD Trading. “Most offices remain thinly attended as employees stay far from their offices.”

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