Involves qualitative control of Reserve Bank of India-in 1965. Its not at present.
reserve bank of India
Reserve Bank of India was established on 1st April 1935 through the Reserve Bank of India Act, 1934, when the British Ruled India. It is the central bank of India that governs the operations of all banks in the country. It was created to help reduce the economic troubles in India after the first world war.
mumbai
RBI(Reserve Bank of India)
Some instruments of monetary policy used by the Reserve Bank of India are price stability, restriction of inventories, promotion of efficiency and reducing rigidity. By using this policy, the RBI is able to control the money supply of its country's economy.
RBI uses following terms for monetary control:-1.CRR2.SLR3.BANK RATEOpen market source is the monetary control source of the RBI.The functioning of all the banks in India both public and private.
reserve bank of India frames monetary policy
Giriraj Prasad Gupta has written: 'The Reserve Bank of India and monetary management' -- subject(s): India, Monetary policy, Reserve Bank of India
reserve bank of india frames monetary policy
Finance ministry
Monetary policy is a tool in India that is used the Reserve Bank to regulate interest rates. Fiscal policy in India is a tool that regulates their economy.
Reserve Bank Of India
Mainly there are three qualitative instruments:1. Open market operations2. Bank rate3. Cash reserve ratio
The current monetary policy in India is under the authority of the Reserve Bank of India (RBI). Some of the features of the monetary policy are price stability, controlled expansion of bank credit, promotion of fixed investment, to promote efficiency and equitable distribution of credit.
Reserve Bank Of India
Minimum Reserve system in India represents the minimum backing of Rs.200 crores by the Reserve bank of India. Out of which Rs.115 crores worth of gold and Rs.85 crores worth of foreign Securities are kept under RBI, the Monetary Authority of India. It is considered to be a formality and there is no other reasons for the number 200