What steps have been taken by the Reserve Bank of India (RBI) to control inflation during the last five years? How far has it been successful?
Points to Remember: RBI’s mandate: Price stability alongside economic growth. Tools used by RBI: Repo rate, reverse repo rate, CRR, SLR, MSF, etc. Inflation targets: RBI’s inflation targeting framework. Success measurement: Analyzing inflation rates and economic growth during the period. Challenges faced: Global factors, supply chain disruptions, geopolitical events. Introduction: The Reserve Bank of India … Read more What steps have been taken by the Reserve Bank of India (RBI) to control inflation during the last five years? How far has it been successful?