This chapter explores how the Reserve Bank of India (RBI) addresses liquidity concerns and discusses the tools they use, such as repo and reverse repo rates, to control inflation. It also examines the current issues of bank loan growth, high inflation, and excess cash in banks, attributing the surplus to the withdrawal and deposit of the 2000 rupee note.
The Reserve Bank of India conducted its monetary policy meeting last week and we haven’t talked about it yet. So let’s do that in today’s episode for 17th August 2023, shall we?
It’s an overly simplified version of an otherwise complex problem, so please bear that in mind.
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