“Thus far, India has not only avoided adverse impacts (from Brexit), but it has in fact emerged as a safe haven for investors around the world,” said Finance Minister Arun Jaitley.Finance Minister Arun Jaitley on Friday said India has avoided any adverse impact of Brexit and has emerged as a safe haven for investors around the world. He informed the Lok Sabha that the government, the Reserve Bank and market regulator Sebi are keeping a constant vigil on the global developments with a view to protecting interest of investors.
“The government has assessed the impact of Brexit on the Indian economy. Thus far, India has not only avoided adverse impacts, but it has in fact emerged as a safe haven for investors around the world,” Jaitley said in a written reply.
He said the rupee depreciated against the US dollar by around 1 per cent for one day post-Brexit referendum while currencies of other emerging markets depreciated for many days. Besides, the Sensex fell only on one day by 2 per cent while the equity index of many other developed and developing countries fell by a higher percentage for many days.