Status quo by US Fed good for India: Das

With the US Federal Reserve maintaining status quo over rates, Economic Affairs Secretary Shaktikanta Das on Friday said the decision is good for emerging markets like India and provides space for policy adjustment.

"There were expectations that United States will increase their rates. Expectations were based on certain logic. But I think that the US Fed has given a clear signal ... that any adjustment will be very calibrated and cautious," he said.

Das said the government would continue to strengthen its macroeconomic stability and undertake reform measures.