The 4 tools of monetary policy are Repo Rate, Reverse Repo Rate, Open Market Operations, Bank Rate policy (discount rate). You can read about the Monetary Policy – Objectives, Role, Instruments in the given link.
Further readings:
- Monetary Policy Committee (MPC) – Structure, Objectives UPSC Notes
- Monetary System – Types of Monetary System
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Related Links |
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Statutory Liquidity Ratio (SLR) – Definition, Objective & Impact |
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