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Stricter monetary policy for price control

News and Press Release - Dated:- 20-7-2016 - The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy with the primary objective of maintaining price stability while keeping in mind the objective of growth. The Agreement on Monetary Policy Framework between the Government and the Reserve Bank of India dated February 20, 2015 defines the price stability objective explicitly in terms of the target for inflation - as measured by the consumer price index-combin .....

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