Business standard has Posted by India focusing on market dislocations from Brexit, says Jayant Sinha
India is
focusing on the market dislocations arising from a likely British
referendum vote to leave the European Union, junior finance minister Jayant Sinha said on Friday, saying it was too early to assess the trade impact.
"There's going to be market dislocation and we are going to have to focus on that," Sinha told news channel ET Now in the first official comment on the UK plebiscite.
India's benchmark stock indexes opened down 3%. Listed companies with
exposure to Britain suffered the heaviest losses with Tata Motors tanking nearly 10%.
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