 "Rajan says Indian economy will see through any impact of Greece crisis")
Reserve Bank of India (RBI) governor Raghuram Rajan said in Stockholm on Wednesday that the Indian economy would see through any impact of the Greek crisis. According to Rajan, one factor helping India was its stronger foreign exchange reserves.
Rajan was addressing a conference at the Stockholm School of Economics.
Concerns on the Street continues as Greece's euro zone bailout expires on Tuesday, when it is also due to repay ^1.6 billion to the International Monetary Fund. Greek Prime Minister Alexis Tsipras said some creditors haven't accepted the country's proposals for a deal. "The insistence of certain institutions of not accepting parametric measures has never happened before - not in Ireland, nor in Portugal," Tsipras wrote in a Twitter post.
Logging its first fall in nine days, the benchmark BSE Sensex on Wednesday slipped by 75 points to 27,729.67 as market sentiment took a hit in the last half hour on news that creditors had rejected Greece's new proposal.
The rupee ended marginally stronger against the dollar at 63.60, compared with Tuesday's close of 63.61.
Rajan was addressing a conference at the Stockholm School of Economics.
Read more from our special coverage on "GREECE CRISIS"
Concerns on the Street continues as Greece's euro zone bailout expires on Tuesday, when it is also due to repay ^1.6 billion to the International Monetary Fund. Greek Prime Minister Alexis Tsipras said some creditors haven't accepted the country's proposals for a deal. "The insistence of certain institutions of not accepting parametric measures has never happened before - not in Ireland, nor in Portugal," Tsipras wrote in a Twitter post.
Logging its first fall in nine days, the benchmark BSE Sensex on Wednesday slipped by 75 points to 27,729.67 as market sentiment took a hit in the last half hour on news that creditors had rejected Greece's new proposal.
The rupee ended marginally stronger against the dollar at 63.60, compared with Tuesday's close of 63.61.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%