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Article Details :: |
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| Article Name : | | | Monetary Policy Of India | | Author Name : | | | Damji B. H. | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ISRJ-2 | | Article URL : | |  | Author Profile | | Abstract : | | | The Reserve Bank of India is the main monetary authority of the India. It
formulates implements and monitors the monetary policy as well as it has to ensure an
adequate flow of credit to productive sectors. Objectives are maintaining price stability
and ensuring adequate flow of credit to productive sectors. The institution is also the
regulator and supervisor of the financial system and prescribes broad parameters of
banking operations within which the country's banking and financial system functions.
The national economy depends on the public sector and the central bank promotes an
expansive monetary policy to push the private sector since the financial market reforms
of the 1990s. Nowadays Reserve Bank of India is facing challenges while formulating
monetary policy. On one hand it has to promote the credit creation in order to keep
continue the flow of capital throughout the country and on the other hand it has to
contain the inflation. The present research paper deals with the monetary policy of India
and issues related to it. | | Keywords : | | - inflation
- monetary policy
- bank rate
- open market operations
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