The 6 tools of monetary policy are reverse Repo Rate, Reverse Repo Rate, Open Market Operations, Bank Rate policy (discount rate), cash reserve ratio (CRR), Statutory Liquidity Ratio (SLR). 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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Statutory Liquidity Ratio (SLR) – Definition, Objective & Impact |
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