Indian Stocks Rise as Brexit Poll, FDI Easing Counter Rajan Exit

  • Aviation, defence rally as foreign investment rules relaxed
  • Rupee weakens as RBI governor Rajan to leave in September

Raghuram Rajan Plans to Return to Academia

Indian stocks climbed as concerns over Britain’s exit from the European Union eased and measures announced by the government to attract investment bolstered sentiment dented by the central bank Governor Raghuram Rajan’s impending departure.

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