Assessing the possible fallout of Brexit: Jayant Sinha

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On Thursday, the Junior Finance Minister of India, Jayant Sinha said that the government of India and central bank(reserve bank of India) are monitoring and studying the downfalls and repercussions if Britain chooses to go out from European union.

JayantSinha

Jayant Sinha

According to global policymakers this would be an alarming stage for financial markets as an adverse affect can be already seen on some currencies including pound and euro because of fear of British exit. On 23rd June 2016, British referendum is scheduled to announce the decision on being part of EU.

It would be a crucial moment for EU as their decision would affect the market

What RBI can do best is ensuring enough liquidity in locals or professionally known as increasing money supply, Sinha said

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