In the recent meeting of the Monetary Policy Committee, the Reserve Bank of India-RBI has decided to keep the monetary policy rates unchanged.
What is Monetary policy?
Monetary Policy Goal:
The composition of the Monetary Policy Committee is as follows:
Some important instruments of Monetary Policy:
The RBI’s Monetary Policy has several direct and indirect instruments which is used for implementing the monetary policy. Some important instruments of Monetary Policy are as follows:
Reverse Repo Rate:
Liquidity Adjustment Facility (LAF):
Marginal Standing Facility (MSF):
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