"It has opened up a Pandora's box of grave uncertainties. Will Euro remain intact or will we see others exit? What will be the impact on the Euro itself? Will it devalue and to what extent? How will India's bilateral trade with UK and Europe be impacted?" she told PTI.
"How much will the USD strengthen against the Pound Sterling/Euro/Rupee?" Mazumdar-Shaw said.
She said India cannot be in denial that it will be immune to Brexit, adding that there is likely to be mayhem for several weeks before things stabilise.