The Finance Ministry today said that India has built multiple layers of defence to deal with a possible US Federal Reserve's firsthike in interest rates in nine years, and RBI is very wellprepared to deal with its impact. Minister of State for Finance Jayant Sinha said the goal of policymakers in India is to strengthen domestic economy to ensure that asset markets and financial markets move in an orderly, smooth and predictable manner. Mr. Sinha was speaking to reporters on the sidelines of India Economic Convention in New Delhi.