The 3 goals of monetary policy in India are Economic Growth, Control of Inflation or price stability, and exchange rate stability. The Monetary policy of India is handled by central bank of India i.e. Reserve Bank of India. You can read about The Reserve Bank of India: Functions and Composition in the given link.
The different instruments of monetary policy are Repo Rate, Reverse Repo Rate, Liquidity Adjustment Facility, Marginal Standing Facility, Bank Rate, Cash Reserve Ratio, Statutory Liquidity Ratio, Open Market Operations, Market Stabilisation Scheme.
Further readings:
- Non Performing Assets (NPA) – Facts for UPSC GS-III
- Monetary Policy – Objectives, Roles and Instruments
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Statutory Liquidity Ratio (SLR) – Definition, Objectives, Impacts |
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