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Title:
FUNCTIONING OF THE RESERVE BANK OF INDIA

Authors:
Ishaan Vashishtha

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Ishaan Vashishtha
Jayshree Periwal High School

MLA 8
Vashishtha, Ishaan. "FUNCTIONING OF THE RESERVE BANK OF INDIA." Int. j. of Social Science and Economic Research, vol. 6, no. 10, Oct. 2021, pp. 4026-4035, doi.org/10.46609/IJSSER.2021.v06i10.030. Accessed Oct. 2021.
APA 6
Vashishtha, I. (2021, October). FUNCTIONING OF THE RESERVE BANK OF INDIA. Int. j. of Social Science and Economic Research, 6(10), 4026-4035. Retrieved from doi.org/10.46609/IJSSER.2021.v06i10.030
Chicago
Vashishtha, Ishaan. "FUNCTIONING OF THE RESERVE BANK OF INDIA." Int. j. of Social Science and Economic Research 6, no. 10 (October 2021), 4026-4035. Accessed October, 2021. doi.org/10.46609/IJSSER.2021.v06i10.030.

References

[1]. Mishra, L. RBI Keeps Policy Rates Unchanged, Cuts FY22 GDP Growth Forecast to 9.5%, The Hindu, June 4, 2021. https://www.thehindu.com/business/rbi-keeps-key-rates-unchanged-as-virus-lashes- economy/article34723511.ece
[2]. George, A.A. Monetary Policy of India – Everything You Should Know About, Clear IAS, January 15, 2021. https://www.clearias.com/monetary-policy/
[3]. Bandyopadhyay, T. A Monetary Policy of Continuity with Change, June 4, 2021. https://www.business-standard.com/article/opinion/a-monetary-policy-of-continuity-with- change-121060401404_1.html
[4]. Bhatt, S. Monetary Policy Support to India Economy Should Continue - MPC Minutes, Reuters August 20, 2021. https://www.reuters.com/world/india/monetary-policy-support-india-economy-should-continue-mpc-minutes-2021-08-20/

Abstract:
The Reserve Bank of India, which is India’s apex financial institution, is responsible for maintaining price stability and ensuring there is no inflation/deflation. For this purpose, the RBI has tools at its disposal. Quantitative tools like repo rate, reverse repo rate, liquidity adjustment facility, marginal standing facility, variable reserve ratios, bank rate, open market operations. Qualitative tools like margin requirements, moral suasion and more. This paper explores the functionality and modalities of how the Reserve Bank of India controls credit and gears economic growth in the country.

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