India better prepared to deal with Fed tapering: Chidambaram

December 19, 2013 11:30

India is better prepared to deal with any consequences of the US Federal Reserve's move to reduce monetary stimulus, Finance Minister P Chidambaram said in a statement on Thursday, that has supported inflows of cash to emerging markets.

After agonising investors for months, the Fed decided on Wednesday to trim its bond buying by $10 billion to $75 billion a month as a modest step and one the US economy could well withstand. Crucially, the US central bank softened the blow by making its forward guidance even more dovish.

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