Monetary Policy in India
There are several direct and indirect instruments that are used for implementing monetary policy.
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Monetary policy refers to the use of monetary instruments by the central bank to regulate factors such as interest rates, money supply, and credit availability in order to achieve specific economic objectives.
The Reserve Bank of India (RBI) is responsible for conducting monetary policy in India.
The primary objective of monetary policy is to maintain price stability, promote economic growth, and ensure financial stability in the country.
Monetary policy is a dynamic process that adapts to changing economic conditions. The RBI continuously evaluates the impact of its policy measures and adjusts them as necessary to achieve its objectives.
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