Mumbai, June 24 (KNN) Just in line with the Sensex, the SME Exchange of BSE too was trading down by 0.28% after the voters in Britain voted in favour of quitting the European Union.

At 10:30 am, the S&P BSE Sensex lost 1034 points to quote at 25,968 and the Nifty50 shed 328 points to trade at 7,942. The rupee plunged over 1.4 per cent to 68.21 per dollar mark.

The Sensex suffered its biggest intraday fall in 10 months

Meanwhile, to minimize the impact of Brexit, both Finance Minister Arun Jaitley and RBI Governor Raghuram Rajan said that India is prepared for short-term volatility.

In a statement, the Finance Ministry said, “The government and the Reserve Bank of India as well as other regulators are well prepared, and working closely together, to deal with any short term volatility. Our aim will be to smooth this volatility and minimize its impact on the economy in the short term.” (KNN Bureau)