Monetary Policy Framework of RBI

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This presentation explores the evolution and key components of India's monetary policy, highlighting landmark changes such as the 2016 amendments to the RBI Act, the establishment of FIT and MPC, and shifts from monetary targeting to flexible frameworks. It delves into transmission mechanisms, challenges, and the impact of external benchmarks, while examining unconventional measures adopted during crises like COVID-19. The session also reflects on inflation control under FIT, global...