IMF asks RBI to tighten monetary policy to reign inflation
Beeps By | Aug 09 2018

IMF suggested the RBI to tighten the monetary policy in order to tackle the rising inflation, mainly because of increasing crude oil. IMF forecasted an average rise of inflation by 5.2% in 2018/19 in accordance with the weak rupee and higher oil prices. The proposed measures would increase the interest rates for home loans, auto loans and corporates.

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