WHAT IS MONETARY POLICYWHAT IS MONETARY POLICY
The part of the economic policy which regulates the level of money inthe economy in order to regulate inflation, improve balance of payments,increase gross national product etc. RBI, in case of India controls themonetary policy.
The policy statement traditionally announced twice a year through whichRBI insures Price stability for the economy.
April-September - Slack Season Policy
October-March - Busy Season Policy
RBI reserves its right to alter monetary policy to time to time dependingupon state of economy