Greece crisis may have indirect impact on India: Finance Secretary

The financial crisis in Greece may have an indirect impact on India and the government is in touch with the Reserve Bank to deal with the situation, Finance Secretary Rajiv Mehrishi said on Monday.

The country's stock markets fell nearly 2 per cent on Monday and bond yields rose as Greece looked set to default on its debt repayment this week, sparking concerns about foreign selling in emerging markets.

Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight.