An Evaluation of Monetary Policy in India:Interest Rate Responsiveness

Monetary Policy consists of issues related to deciding the right quantity of money to be supplied to the economy for achieving its policy goals and also deciding on the right framework for pursuing the same. The process involves choosing monetary policy targets, understanding the various channels of monetary policy transmission and making use of the best set of tools which has the maximum potential to affect the target variables. The study helps us to build a deep insight into the contemporary monetary policy issues for the Indian economy.