MONETARY POLICY Monetary Policy is the process by which the monetary authority of a country controls the supply of money often targeting an Inflation rate or interest rate to price stability. And general trust in the currency and economic growth and lower unemployment . *Monetary policy committee (MPL) , it consists of 6 members , 3 from RBI and 3 from Govt of India. *RBI governor will caste his vote in case of a tie. * Monetary Policy is of two types 1.Direct Instruments, 2. Indirect Instruments. *Direct Instrument 1.CRR:- Cash Reserve Ratio, 2.SLR :- Statutory Liquidity Ratio, 3.Refinance Facilty. *Indirect Instrument 1. LAF :...
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