RBI Governor Live on Media on Brexit – June 24, 2016. CNBC TV 18, ET Now. We are looking at market and ready to intervene if they become disorderly

RBI Governor Live on Media on Brexit – June 24, 2016

RBI Governor’s comments on Brexit to ET Now: June 24, 2016

I am not sure there has been a “dramatic correction” in the Rupee. Rupee over time has depreciated  probably in consonance with the interest rate or inflation differentials within India and rest of the World. Whatever movement we have seen today, is moderate relative to whats happening elsewhere in the World.

RBI Governor’s comments on Brexit on CNBC TV 18

It is certainly a shock. All of us suspected that we might be confronted with this. It also reflects mood of people who are tired of Globalization, who are tired of engaging with the World. That can mean a big change in post war situation where a lot of prosperity was built on free trade and free movement of people

Audio recording of RBI Governors Concall with Media on Brexit 24-06-2016

Obviuos;y there would be some volatility as a result of this decision in United Kingdom but we are looking at the market and ready to intervene if we see that they become disorderly.