June suffered from an excess of exits. But none of them lived up to forecasts of dire consequences, at least for India. For now, Indian markets have shrugged off both Brexit and Rexit — the exit of Governor Raghuram Rajan from the Reserve Bank of India (RBI). And the forward-looking nature of markets implies they do not foresee problems due to these exits.
http://www.eastasiaforum.org/2016/07/22/what-to-expect-from-indias-new-rbi-governor/
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