1. RBI governor Raghuram Rajan sees little impact of Greece crisis on India

RBI governor Raghuram Rajan sees little impact of Greece crisis on India

Reserve Bank of India Governor Raghuram Rajan said that the Indian economy will see through any impact of the Greece crisis.

By: | New Delhi | Updated: July 6, 2015 5:24 PM
RBI RAGHURAM RAJAN

Reserve Bank of India Governor Raghuram Rajan said that the Indian economy will see through any impact of the Greece crisis. (PTI)

Reserve Bank of India Governor Raghuram Rajan said on Wednesday that the Indian economy will see through any impact of the Greece crisis.

One factor helping India was its stronger foreign exchange reserves, Rajan added in a conference at the Stockholm School of Economics.

The RBI Chief’s remarks are of significance as they come in the wake of International Monetary Fund (IMF) rejecting Greece’s proposal.

IMF Chief Christine Lagarde said that Greece must present credible reform plans and they cannot be built only on promises of more tax revenues.

The news of creditors rejecting Greece’s new proposal for a deal took a toll on the Indian market too, as the benchmark BSE Sensex today slipped by 75 points to 27,729.67.

(With inputs from Reuters)

 

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