Summary |
RBI the apex institute of India which monitors and regulates the monetary policy of the country stabilizes the price by controlling inflation, stabilizes the exchange rate and leads the economy on the path of growth. Monetary policy is the process by which monetary authority of a country, generally a central bank regulates the supply of money in the economy by exercising its control over interest rates in order to maintain price stability, exchange stability and achieve high economic growth in the economy.
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