International Journal of Scientific Research and Engineering Development

The financial system is essential in the overall development of an economy because it promotes efficient resource allocation, thus supporting growth. The Reserve Bank of India (RBI), which was founded in 1935, is the Central Bank of India and serves as the primary monetary and financial authority in the country to preserve monetary and financial stability. In its capacity as the central bank, the RBI develops and executes the country's monetary policy as a means of managing the money supply and credit available within the economy. In pursuing these objectives, the RBI utilises a variety of instruments, including the repo rate, reverse repo rate, CRR, SLR, and open market operations, to achieve price stability, control inflation rate, and promote sustainable economic growth in the country.

Dr.P.Dinesh Kumar, B.G.Sandeep, "RBI’s Monetary Policy and its Influence on Commercial Banks in India" International Journal of Scientific Research and Engineering Development, V9(2): Page(121-125) Mar-Apr 2026. ISSN: 2581-7175. www.ijsred.com. Published by Scientific and Academic Research Publishing.