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Answer: To keep the price level and promote rapid growth, the monetary authority of a nation, typically the central bank, manages the amount of money available in the industry by manipulating interest rates.
The Reserve Bank of India is the primary monetary institution in India (RBI).
It is intended to keep the economy’s prices stable. Other objectives of the monetary policy of India, as stated by RBI.
Inflation targeting entails fostering economic growth while placing a strong focus on it. The major goal is to enhance the role of the design needed for infrastructure development to move forward quickly while retaining fair price stability.
