Responding to the decision of the Federal Reserve, Finance Ministry said, it marks the beginning of gradual withdrawal of the accommodative monetary policy stand adopted since 2006. It said, going forward, the actions of the US Federal Reserve are expected to be cautious and data driven. In a Statement, the Ministry said, Indian Stocks and Forex Markets have reacted well to the development and both the benchmark market indices rose in early trade today and continue to trade in the green and the rupee is stable in the 66-67 per dollar range. The Ministry said, this underlines the strong macro-economic fundamentals of the Indian Economy and the efforts made to achieve macro stability over the last one and half years. It said, India is much better placed today in terms of real GDP growth, lower inflation, lower current account deficit and on-going fiscal consolidation.