Question

. Who decides about increasing / reducing the supply of money in India ? ​

Answer 1

Answer:

The base rate is determined by the Reserve Bank of India (RBI). The rate is fixed and ensures transparency with respect to borrowing and lending in the credit market. The Base Rate also helps the banks to cut down on their cost of lending to be able to extend affordable loans.

Answer 2

Answer:

The base rate is determined by the Reserve Bank of India (RBI). The rate is fixed and ensures transparency with respect to borrowing and lending in the credit market. The Base Rate also helps the banks to cut down on their cost of lending to be able to extend affordable loans.

Explanation:

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