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Monetary Policy (MP) is the use of operating instruments available to central banks to achieve stated objectives. Central banks (CBs) generally follow a dual mandate of price stability and economic growth, although the specifics differ.

Monetary policy committeeIndia reserve bankBank rateIndependence of central bankMonetary policyExchange rate managementForeign exchange regulatory managementCentral bankReserve bankLiquidity adjustment facilityOpen market operationsForward guidanceForeign exchangeManagement actsCash reserve ratioStatutory liquid ratio