RBI will have to tighten monetary policy
``If the inflation situation remains bad in the next few weeks, then RBI has to tighten the monetary policy,'' the former RBI governor told reporters after launching a book, Political Economy Of Poverty Eradication In India And Essays On Fiscal Reform, authored by noted economist Raja J Chelliah.
IMF says that India needs to tighten its monetary policy as of soaring food and fuel prices globally.