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What is Unit 2 about?

The document provides an overview of the financial system, emphasizing its structure, the role of banks in credit creation, and the management of fiscal deficits through financial markets. It discusses the reforms in Indian financial markets since 1991, the role of the Reserve Bank of India (RBI) in regulating the money market, and the importance of monetary policy in controlling inflation and ensuring financial stability. Additionally, it highlights the challenges faced by the Indian financial system and r

Author

Amal Kadir

Language

EN