Govt, RBI keeping close eye on possible fallouts of Brexit, says Jayant Sinha
New Delhi: The government and the Reserve Bank of India are assessing the possible fallouts if Britain votes to leave the European Union, Minister of State for Finance Jayant Sinha said on Thursday.
Minister of State Finance Jayant Sinha
Global policymakers have raised alarm over the 23 June British referendum as fears of a Brexit has rattled financial markets.
The pound and the euro have lost value on fears a Brexit could tip the 28-member bloc into recession.
Mr Sinha said the RBI was trying to ensure sufficient liquidity in local markets as a defence against Brexit.
First Published On : Jun 16, 2016 13:53 IST