RBI may require tight monetary stance for longer: IMF

IMF added that the monetary stance remains appropriately tight for achieving near-term inflation objectives, says report.

International Monetary Fund reportedly said the central bank may require a “tight monetary stance for longer”.

IMF added that the monetary stance remains appropriately tight for achieving near-term inflation objectives, says report.

Favourable inflation dynamics gave the RBI room to cut the policy rate, while maintaining positive real interest rates broadly consistent with the ‘glide path’ towards the medium-term inflation target,” IMF was quoted as saying.