Greece Bailout Impact On India

Ongoing developments in Greece have only indirect implications for India and their impact, if any, is difficult to quantify, Finance Secretary Rajiv Mehrishi said today.

The Greek crisis is unlikely to have any impact on the Indian economy since it has only negligible exposure to the troubled Mediterranean island, fund managers said here on Monday.

Commerce and Industry Minister Nirmala Sitharaman on Monday said the government is "very closely" monitoring the developments in Greece as that could have implications on the international currency market.

With the risk of Greece's exit from the euro zone increasing after voters of the European country rejected the terms of the bailout offer, the Indian government on Monday said it is closely monitoring the situation.

The financial crisis in Greece may have an indirect impact on India and the government is in touch with the Reserve Bank (RBI) to deal with the situation, Finance Secretary Rajiv Mehrishi said on Monday.

Reserve Bank of India Governor Raghuram Rajan said on Wednesday that the Indian economy will see through any impact of the Greece crisis.

Ongoing developments in Greece have only indirect implications for India and their impact, if any, is difficult to quantify, Finance Secretary Rajiv Mehrishi said today.

The Greek crisis is unlikely to have any impact on the Indian economy since it has only negligible exposure to the troubled Mediterranean island, fund managers said here on Monday.

Commerce and Industry Minister Nirmala Sitharaman on Monday said the government is "very closely" monitoring the developments in Greece as that could have implications on the international currency market.

With the risk of Greece's exit from the euro zone increasing after voters of the European country rejected the terms of the bailout offer, the Indian government on Monday said it is closely monitoring the situation.

The financial crisis in Greece may have an indirect impact on India and the government is in touch with the Reserve Bank (RBI) to deal with the situation, Finance Secretary Rajiv Mehrishi said on Monday.

Reserve Bank of India Governor Raghuram Rajan said on Wednesday that the Indian economy will see through any impact of the Greece crisis.