Question

what is Reserve Bank of India and how the mometry policy decided​

Answer 1

Answer:

The monetary policy is a policy formulated by the central bank, i.e., RBI (Reserve Bank of India) and relates to the monetary matters of the country. The policy involves measures taken to regulate the supply of money, availability, and cost of credit in the economy.

Reverse repo rate: 3.75%

Repo rate: 4.40%

CRR: 3%

Explanation:

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Answer 2

Answer:

The monetary policy is a policy formulated by the central bank, i.e., RBI (Reserve Bank of India) and relates to the monetary matters of the country. The policy involves measures taken to regulate the supply of money, availability, and cost of credit in the economy