• Shanil Gusain
• Dr. Manjula Mishra

Monetary policy as an instrument of economic policy has certain advantages. Monetary policy changes, unlike in the case of fiscal policy, can be made at any time during a year. Monetary policy has been operated with a view to ensuring a reasonable degree of stability consistent with the needs of economic development. The first and most important part of the monetary policy framework in a country is the task mandated to the monetary authorities. Monetary policy remained accommodative in 2019-20. The repo rate was cut by 110 basis points in four consecutive Monetary Policy Committee meeting in the financial year due to slower growth and lower inflation. Liquidity conditions were tight for initial two months of 2019-20. In the present study an attempt has been made to examine the monetary sector developments in India during financial year 2019-20.

Monetary Policy, Reserve Ratio, Liquidity, Economic Development.

"Monetary Sector Developments (In reference to financial year 2019-20) ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 12, page no.123-135, December-2020, Available :http://www.jetir.org/papers/JETIR2012216.pdf

"Monetary Sector Developments (In reference to financial year 2019-20) ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 12, page no. pp123-135, December-2020, Available at : http://www.jetir.org/papers/JETIR2012216.pdf