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Research and Markets: The Monetary and Credit Policy of India Report: Understand the Policies of the Indian Economy.

DUBLIN -- Research and Markets ( has announced the addition of the "Monetary and Credit Policy of India" report to their offering.

This report takes a very detailed look at the monetary and credit policies of India. The Monetary policy 2010 has been taken as the immediate reference point for assessment. The Indian economy enjoys one of the most stable monetary policies across Asia. But though it has a stable tag attached to it, it has always almost invariably failed to show imagination in strategy formulation.

The central bank in India, the RBI, formulates monetary and credit policy. It uses tools like Cash Reserve Ratio, Statutory Liquidity Ratio, Lending Rates, Fixed Exchange Rates, Price Level Targeting, Gold Standards and a variety of other tools to achieve a trade off between growth and inflation.

The role of the central bank in applying strategies to curb inflation and control growth is increasingly coming into focus as the world reels under financial crises due by fundamentally weak economic structurization.

More and more panel discussions on policy implementation focus around the implications of crises on inflation targeting, redefining the central bank's status and the role of asset pricing in policy development.

RBI, which follows a very cautious policy implementation approach, has taken the safe bet by lowering the SLR by 1%, bringing it down to 24% in 2010. The bank rate has been kept stable at 6% lying safely between the Repo and the Reverse repo Rates.

RBI in the 3rd quarterly review in 2010 took everyone by surprise by first lowering SLR by 1% to 24%. It also surprised markets by announcing an OMO purchase program (RBI will government bonds) worth Rs 48,000 crores in the following month. Market participants have called this RBI's own buy QE program.

By increasing the credit supply by Rs 53,000 crores RBI has taken a positive step. Whether it manages to contain inflation without curbing the 8.5% annual GDP growth rate is a topical issue.

Key Benefits:

* Understand the policies of the Indian economy.

* Understand the key drivers behind formulation of credit policies in India.

* Take business judgements and assess the Indian economic conditions based on expert reviews.

* Understand the business challenges one might face while operating in the Indian economy.

* Take prudent decisions by understanding the policy impact on the taxation front.

Key Topics Covered:

* Objectives of Monetary Policy

* Types of Monetary Policy

* Price level targeting

* Monetary aggregates

* Fixed exchange rate

* Gold standard

* Monetary policy tools

* Monetary base

* Reserve requirements

* Discount window lending

* Interest rates

* Currency Board

* Reserve Bank of India (RBI)

* Functions of Reserve Bank of India

* Controller of Credit

* Global Crisis impact and Policy Responses in India

* Monetary Policy in India: An outlook

* The Monetary Policy Process

* Challenges for Monetary Policy Formulation:

* Monetary Policy Operations: Context and Rationale

* Monetary Policy Statement 2010-11

* Mid-Cycle Policy Measures in July 2010

* First Quarter Review 2010-11

* Overall Assessment

* Liquidity Management

* Neutral Policy Rate

* Monetary Policy 2010: A brief review

* Monetary Policy: The Figures

* Some Issues in the Conduct of Monetary Policy in India

* Monetary Policy: Tools used and impact on banks

* Bank Rate

* Lending Rates

* Reserve Requirements

* Cash Reserve Ratio (CRR)

* Statutory Liquidity Ratio (SLR)

* Open Market Operations (OMO)

* Financial Sector Reforms and Banks

* Monetary and Fiscal policy: A relation

* Domestic demand

* Capital market

* Indirect taxes: Challenges to Central Banking in the Context of Financial Crisis: Major Findings of the First International Research Conference

For more information visit
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Publication:Business Wire
Geographic Code:9INDI
Date:Jun 20, 2011
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