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Monetary policy is micro economic policy laid down by Reserve bank of India (RBI). This policy targets money supply in the market and various interest rates, which ultimately led to control of inflation and price stability in the economy. Monetary policy is completely a demand side economic policy. It can never be suppply side economic …
Reserve Bank of India (RBI) was set up under RBI act, 1934 on Ist April 1935. Initially, its headquarter was in Calcutta, later after in 1937, its headquarter was permanently shifted to Mumbai. Present governor of RBI is Mr. Shaktikanta Das, he is 25th governor of RBI. RBI was nationalised on January 1949. Vimal Jalan committee recommended that part of surplus money can be transferred to government by RBI.