Washington: The US on Monday said it was "closely" observing the events in Jammu and Kashmir following the revocation of Article 370 of the Constitution by the Indian government and urged all stakeholders to maintain peace and stability along the Line of Control (LoC).

The Narendra Modi government revoked Article 370 which gave special status to Jammu and Kashmir. Rajya Sabha approved the resolution abrogating Article 370 for J&K and a bill to bifurcate the state into two union territories, Jammu and Kashmir and Ladakh, with Home Minister Amit Shah saying the controversial provisions were responsible for poverty and lack of development in the state.