India focusing on market dislocations from Brexit: Jayant Sinha

By: | Updated: June 24, 2016 10:02 AM

"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 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. (PTI)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. (PTI)

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.

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India’s benchmark stock indexes opened down 3 percent. Listed companies with exposure to Britain suffered the heaviest losses with Tata Motors tanking nearly 10 percent.

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