Authorities in Indian-controlled Kashmir have temporarily shuttered more than half of the tourist resorts in the scenic Himalayan region following a deadly attack on tourists.

Nazir Ahmad Wani's house in Kashmir's Khasipora village was one of the nine homes destroyed so far. Police say his son, Amir Nazir, is a member of the Jaish-e-Mohammed group that India has designated as a terrorist outfit.

The path for Indian rupee and government bonds this week hinges on the geopolitical fallout from the militant attack in Kashmir, traders said.