Calm down, says Raghuram Rajan! RBI is prepared for Brexit impacts

RBI Governor Raghuram Rajan has said that India’s central bank is keeping an eye on all markets and if need arises, will also inject liquidity to control Indian currency amidst global changes that have happened because of Britain’s exit from the European Union.

He added that RBI will not step back if need comes to get involved in forex markets, while also saying that rupee’s condition was better than other currencies.


Also read: India has got what it takes to survive Brexit, says Economic Affairs Secretary

Dr Rajan's comments have come as a calming measure for domestic financial markets, which have stumbled because of Brexit.

Also read: Arun Jaitley says India is very well prepared to deal with Brexit shocks to the economy and markets

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