In 2019, the Reserve Bank of India (RBI) and several banks took steps to link deposit and lending rates to the Repo rate, a move aimed at enhancing the effectiveness of monetary policy transmission.
The Monetary Policy Committee (MPC) plays a critical role in shaping India's monetary policy. Established in 2016 through an amendment to the Reserve Bank of India
Demonetization is a government-led action that strips a currency unit of its status as legal tender. One of the significant instances of demonetization
Monetary policy is a set of strategies and actions implemented by a country's central bank to influence the supply of money and interest rates with the aim of achieving specific economic goals.