UPSC Prelims 2020 Important Topics: Reserve Bank of India

Reserve Bank of India (RBI) is India’s central bank. It controls the monetary policy with respect to the national currency, the Indian rupee. The basic functions of the RBI are the issuance of currency, to sustain monetary stability in India, to operate the currency and maintain the country’s credit system.   What is RBI? RBI is … Read more UPSC Prelims 2020 Important Topics: Reserve Bank of India

UPSC Prelims 2020 Important Topics: Banks & Monetary policy in India

Monetary policy is adopted by the monetary authority of a country that controls either the interest rate payable on very short-term borrowing or the money supply. The policy often targets inflation or interest rate to ensure price stability and generate trust in the currency. The monetary policy in India is carried out under the authority … Read more UPSC Prelims 2020 Important Topics: Banks & Monetary policy in India