21 June 2016 at 0:36 GMT
Nikkei Asian Review
Speculation has begun over who will replace Indian central bank governor Raghuram Rajan when he steps down in September (dubbed 'Rexit'), but market players worry whether his successor can continue crafting solid policy and pushing for reform in the face of political pressure. The rupee at one point weakened by nearly 1% against the dollar, even as other Asian currencies strengthened on receding fears that the UK will leave the EU. Indian stocks, on the other hand, edged up about 1%, rising along with other Asian shares. Some expected turmoil in the Indian market in the first trading session since Rajan's surprise announcement of his departure. But there were no hiccups other than the rupee's slight dip.
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