India better prepared for eventual Fed rate hike, says RBI chief

NEW DELHI: India is better prepared to handle the impact of interest rate increases in the United States as foreign funds are less likely to desert the country due to signs of an upturn in economic growth, its central bank chief said in an interview published on Sunday.

Reserve Bank of India Governor Raghuram Rajan's comments to the Times of India came on the heels of U.S. jobs data which has heated up speculation over when the Federal Reserve is likely to raise interest rates.