Extended Coverage: Cameron, Britain have left the building
Now since Brexit is a reality, we explain you two more terms: soft-Brexit and hard-Brexit. What would it be?
Dr Raghuram G Rajan, Governor, Reserve Bank of India said, "Markets are trying to factor the consequences of this development and this has already led to sharp corrections in financial markets around the world. The Indian economy has good fundamentals, low short term external debt, and sizeable foreign reserves. These should stand the country in good stead in the days to come."
Reserve Bank is continuously maintaining a close vigil on the market developments, both domestically and internationally, and will take all necessary steps, including liquidity support (both dollar and INR), to ensure orderly conditions in financial markets, he said.
David Cameron is in no mood to step down. British foreign ministry confirms that he will stay on.
Meanwhile, Ministry of External Affairs of India has made a statement.
We value our multifaceted relationships with both the UK and the EU and will strive to further strengthen these ties in the years ahead
— Vikas Swarup (@MEAIndia) June 24, 2016
Finance Minister Arun Jaitley has made a statement.
He said, "This verdict will, obviously, further contribute to such volatility not least because its full implications for the UK, Europe and rest of the world are still uncertain."
As regards to the Indian economy, he said, "We are well prepared to deal with the short and medium term consequences of Brexit."FMStatementBrexit.pdf
And David Rothkopf of Foreign Policy has said it like no other.
The British people have spoken--apparently to say they are unlikely to be heard from again.
— David Rothkopf (@djrothkopf) June 24, 2016