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JPMorgan: Buy Indian options, stock swings widen, Bloomberg reports

The largest stock market swings in India in 16 months are set to continue, increasing options prices as the prospect of reduced Federal Reserve stimulus spurs further weakness in the rupee, says JPMorgan Chase, reports Bloomberg. The CNX Nifty index has retreated 11% during the past month and the gauge’s 30-day historical volatility reached 21.1 yesterday, the highest level since April 2012, according to Bloomberg data.