Moody`s expect RBI to further tighten monetary policy
Global credit rating agency Moody`s expects the Reserve Bank of India will further tighten monetary policy to contain rising prices, even while projecting moderation in economic growth rate to 7.6% as against 9% achieved in 2007-08.
``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.