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Govt, RBI keeping close eye on possible fallouts of Brexit, says Jayant Sinha
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  • Govt, RBI keeping close eye on possible fallouts of Brexit, says Jayant Sinha

Govt, RBI keeping close eye on possible fallouts of Brexit, says Jayant Sinha

Reuters • June 16, 2016, 13:53:10 IST
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Global policymakers have raised alarm over the 23 June British referendum as fears of a Brexit has rattled financial markets

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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. [caption id=“attachment_2657302” align=“alignleft” width=“380”] ![Minister of State Finance Jayant Sinha](https://images.firstpost.com/wp-content/uploads/2016/03/Jayant-Sinha_ibn.jpg) Minister of State Finance Jayant Sinha[/caption] 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.

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