NEW DELHI, June 24: The Government today said it was fully prepared to deal with any situation, as panic gripped the market and Rupee crashed by 96 paise against the dollar with majority of British people deciding in favor of leaving the European Union as per the latest trends of counting of referendum votes. Economic Affairs Secretary Shaktikanta Das told reporters here that the Government and the Reserve Bank of India had discussed all possible fall out of the situation arising out of the UK decision for exit from EU. He expressed the hope that the stock markets after their initial panic reaction would stabilise. Mr Das said as far as fall of the rupee against the dollar was concerned , it was in line with the behavior of other Asian currencies.He said the Government had enough of foreign exchange reserves to deal with any eventuality. (UNI)
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