We are prepared to deal with Brexit: Shaktikanta Das

Speaking on Brexit impact on India, Economic Affairs Secretary Shaktikanta Das on Friday said the instant reaction on Britain's exit from the European Union (EU) will stabilise in next few days, markets will improve hopefully and we are prepared to deal with it.

Britain voted to leave the 28-nation bloc European Union (EU) continent on Friday, which forced its Prime Minister David Cameron's resignation and impacted the markets worldwide. 

The 30-scrip BSE Sensex ended down 604.51 points, or 2.24%, at 26,397.71 on Friday.  The 50-scrip NSE Nifty closed down 181.85 points, or 2.20%, at  8,088.60 on Friday.

Rupee ended at 67.951 down 0.670 points due to decline in currencies in the overseas market.

As far as currencies are concerned, the depreciation of Indian rupee is happening in line with other Asian currencies, Das said.

He said on Twitter:

India better placed to deal with post Brexit challenges.Strong macro parameters,forex reserves,strength of real economy are our firewalls

— Shaktikanta Das (@DasShaktikanta) June 24, 2016

The government, Finance Ministry and the Reserve Bank of India (RBI) have been working on this and we have discussed all possible eventualities or outcomes of Brexit over the last several weeks, Das added.

"We are prepared to deal with the situation," Das said. 

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Das said on Twitter:

Brexit: We are constantly monitoring the developments and shall deal with emerging challenges.

— Shaktikanta Das (@DasShaktikanta) June 24, 2016