RBI Governor Raghuram Rajan has said there would be some volatility in emerging markets once the US Federal Reserve decided to raise interest rates, but India is well prepared deal with market volatility. He hope that after the initial volatility, there will be differentiation, and the financial investors would try to see where there is some macro-stability. Rajan said this in Washington, where he is for International Monetary Fund and World Bank fall meetings. It is expected that the Fed Reserve may raise interest rates from next year as the US economy is showing signs of improvement.Rajan had hoped that inflation will moderate to acceptable level of 6 per cent by January 2016 and maintained that the GDP growth in the current fiscal will be 5.5 percent, same as projected earlier.