Brexit fallout News
Oil prices dropped on Monday, extending sharp declines after Britain`s vote to leave the European Union sparked a sharp selloff in global markets on Friday.
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The pound sank Monday to 30-year lows while most stock markets tumbled following Britain`s decision to leave the European Union, with traders fearing it will lead to months of uncertainty.
The rupee also took a sharp plunge of 96 paise (intra-day) against the US dollar to crash below the 68-level, but RBI intervention to infuse liquidity helped the local currency recoup some early losses.
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