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IMF supports tight stance of India's central bank

Last Updated: Monday, March 16, 2015, 11:17

The International Monetary Fund (IMF), ahead of its chief Christine Lagarde`s two-day India visit that began on Monday, has supported the tight monetary stance of the Reserve Bank of India (RBI) and says 5-percent inflation in the country was still high.

India a 'bright spot' on cloudy global horizon, will clock 7.2% growth: IMF

Last Updated: Monday, March 16, 2015, 10:09

Lagarde further said, "Just as many countries around the world are grappling with low growth, India has been marching in the opposite direction."