Greece crisis may impact rupee: Raghuram Rajan
July 02, 2015 15:19
The rupee may see some indirect impact from the Greece crisis, even though India has limited direct exposure to the European nation in terms of trade, Reserve Bank of India chief Raghuram Rajan said on Thursday.
Cash-strapped Greece became the first developed country to default to the IMF, when it failed to pay an installment of $1.8 billion by June 30.
Now, all eyes are on the July 5 referendum in Greece when it will decide on the bailout proposals from its creditors.
A "no" vote could increase the possibility of Greece exiting from the euro zone, analysts say.
Cash-strapped Greece became the first developed country to default to the IMF, when it failed to pay an installment of $1.8 billion by June 30.
Now, all eyes are on the July 5 referendum in Greece when it will decide on the bailout proposals from its creditors.
A "no" vote could increase the possibility of Greece exiting from the euro zone, analysts say.
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