Watching all markets, currencies: Rajan
June 24, 2016 12:21
RBI governor Raghuram Rajan assures markets and investors, saying the central bank is watching all markets, including currencies.
The Sensex took a big 1,058-point plunge this morning as UK's vote to exit European Union sent financial markets into a tailspin, eroding nearly Rs 4 lakh crore from the investors' wealth held in stocks. The Rupee was also down almost 96 paise, though the government and RBI sought to play a brave face saying the fall in Indian currency was relatively moderate in comparison to many other currencies globally.
The Sensex took a big 1,058-point plunge this morning as UK's vote to exit European Union sent financial markets into a tailspin, eroding nearly Rs 4 lakh crore from the investors' wealth held in stocks. The Rupee was also down almost 96 paise, though the government and RBI sought to play a brave face saying the fall in Indian currency was relatively moderate in comparison to many other currencies globally.
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