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India says closely monitoring possible fallouts of Brexit

Global policymakers have raised alarm over the June 23 British referendum as fears of a Brexit has rattled financial markets.

Published: 16th June 2016 02:05 PM  |   Last Updated: 16th June 2016 02:05 PM   |  A+A-

Jayant-Sinha_Reuters

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.

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