Krishna Srinivasan, director of the IMF's Asia and Pacific Department, advises the Reserve Bank of India (RBI) to maintain its current monetary policy until inflation decreases. He suggests that conservative approaches are necessary on both the monetary and fiscal sides to bring down inflation and build fiscal reserves. Srinivasan also highlights the potential impact of rising oil prices on India's inflation rate, emphasizing that central banks should wait for inflation to stabilize before implementing monetary easing. Furthermore, he emphasizes the importance of controlling the fiscal situation and creating space for long-term reforms.