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Article: RESERVE BANK INDIA MAY FURTHER TIGHTEN MONETARY POLICY: MOODY'S.
- Article from:
- AsiaPulse News
- Article date:
- August 27, 2008
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NEW DELHI, Aug 27 Asia Pulse - Global credit rating agency Moody's expects the Reserve Bank of India to further tighten monetary policy to contain rising prices, even while projecting moderation in economic growth rate to 7.6 per cent.
"If the inflation fails to ease in coming weeks, the Reserve Bank of India will have no choice but to further tighten monetary policy," Moody's said in its 'Macro Roundup;India's inflation pain persists'.
The report said that the economic growth of the country would moderate to 7.6 per cent in the current fiscal as against nine per cent achieved in 2007-08.
Pointing out that inflationary pressures remain ...