Monetary policy transmission begins instantly in money markets, but frictions across rates, bonds and bank credit weaken its speed and strength.
Michael Debabrata Patra
October 5, 2026 at 9:04 AM IST
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Michael Patra explains how the RBI manages liquidity, from sterilisation and CRR operations to forecasting and the LAF corridor’s role in transmission.
August 28, 2026 at 3:06 AM IST