India says closely monitoring possible fallouts of Brexit | Reuters - Firstpost
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India says closely monitoring possible fallouts of Brexit | Reuters

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NEW DELHI The Indian 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.

Global policymakers have raised alarm over the June 23 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.

Sinha said the RBI was trying to ensure sufficient liquidity in local markets as a defence against Brexit.

(Reporting by Manoj Kumar; Writing by Rajesh Kumar Singh; Editing by Malini Menon)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Jun 16, 2016 23:30 IST

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