India's CPI target to aid inflation fight: Moody's
India's decision to formally implement its central inflation target of 4% can help moderate future price hikes and support macroeconomic stability, rating agency Moody's Investors Service said on Sunday. The move was "credit positive" and underlined the government's commitment to control price rise, it added. The government had on Friday notified the introduction of 4% target, plus or minus 2%.