Finance Ministry today said India is well prepared to deal with the impact of the US Federal Reserve interest rate hike. Economic Affairs Secretary Shaktikanta Das tweeted that the end of uncertainties will actually help policy makers in emerging economies. He said the rate hike and reference to gradualism are on expected lines.<br/><br/>The Economic Affairs Secretary further said that the Federal's confidence on recovery is good news for India's exports, especially for the IT sector. <br/><br/>The US Federal Reserve last night hiked interest rates by 0.25 per cent. This is the first hike in about a decade, signaling a recovery in the US economy.