17 Italian tourists in India test positive for coronavirus

Seventeen Italian citizens in India have tested positive for coronavirus, media said on Wednesday.

State broadcaster Doordarshan as well as private TV networks NDTV and CNN-News18 all said 21 Italian tourists had been tested in the capital New Delhi, citing unidentified sources.

An Italian had tested positive for the virus in the western desert state of Rajasthan, a health offical said on



Monday.

Indian shares edged lower on Wednesday as an emergency 50 basis point rate cut by the US Federal Reserve failed to calm investor nerves about the debilitating impact of the coronavirus outbreak.

The surprise rate cut on Tuesday was accompanied by Fed Chairman Jerome Powell's acknowledgement of an uncertain outlook and his view that rate cuts will not restore supply chains, sending US stocks sharply lower overnight and gold higher.