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RBI and monetary policy

RBI and monetary policy for UPSC Prelims and Mains, taught in 1 parts. Each part has tables, exam traps, a recap and practice questions, and every paragraph is explained in Kannada.

Parts of this chapter

Part 2

Monetary policy: objectives, instruments and transmission

What monetary policy aims at under the amended RBI Act, the policy stance, and every instrument the RBI uses: the liquidity adjustment facility (repo, reverse repo, variable rate operations), the corridor formed by the standing deposit facility and the marginal standing facility, the bank rate, open market operations, the Market Stabilisation Scheme, CRR and SLR, qualitative and prudential tools; how a rate change reaches borrowers (MCLR, external benchmarks) and where monetary policy falls short.

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