THE GLIMPSE OF MONETARY POLICY OF INDIA

Monetary policy in India saw many ups and downs since the year 1935. There was period when private sectors and commercial banking were limited. The nationalisation of banks helped great in administration of monetary policy. There were made many changes in terms as well as the features in monetary policy in post liberalization years. This article presents small glimpse of Indian monetary policy that stand firm with time and never shied away from accepting changes from time to time.