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Fri, Jun 24, 2016
World stocks headed for one the biggest slumps on record.
Just minutes after the result of the referendum emerged several other EU member countries began looking towards the exit door.
According to Care Ratings, Brexit can result a plus point for India as labour does come at a lower cost unlike that from the EU.
Contrary to hopes of many, the Britain has voted to leave the European Union. As the news of Britain’s exit trickled in, Indian markets tumbled with the Sensex falling by more than 1,000 points.
Though people around the world are still trying to come to terms with this decision, there are several implications UK will face as a result of Brexit.
Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after vote counts indicated the country had chosen to quit the European Union, leaving question marks over London's status as Europe's premier financial centre.
As UK votes for Brexit the following steps will need to be taken by UK with the EU in terms of negotiations on the exit.
The Reserve Bank of India (RBI) likely sold dollars around 68.20 rupee levels through state-owned banks to prevent the rupee from falling further, three traders said on Friday, adding that appeared to be the level the central bank was keen on defending.
Britain has voted for the EU referendum and the counting is going on. Will it stay in the EU or choose to exit?
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