Will Foreign Institutional Investors Pull Out After Rexit?
BloomberQuint speaks to Dipti Neelakantan, COO of JM Financial Group.
In an interview with BloombergQuint, Dipti Neelakantan, Group Chief Operating Officer of JM Financial, commented on Raghuram Rajan’s decision to step down as the Reserve Bank of India Governor once his term ends in September.
Neelakantan said Rajan’s stepping down as the RBI Governor will not lead to foreign institutional investors pulling out money from the market, as their interest is based on a combination of economic growth and corporate performance.
She believes markets will continue to remain volatile with Britain’s EU referendum next in line, as India is bound to get affected by global events. However, she thinks Brexit may have a passing effect on the markets, and eventually markets will be back to looking at India’s growth and potential.
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