Monetary Policy Instruments — Legal Precedents

Legal Precedents

Reserve Bank of India v. Jayantilal N. Mistry (2015)

2015

While not directly about monetary policy instruments, this Supreme Court judgment significantly impacted the RBI's operational transparency and accountability. The court ruled…

P. Chidambaram v. Union of India (2018) (related to MPC formation)

2018

Though not a direct judgment on the legality of monetary policy instruments, the formation of the Monetary Policy Committee (MPC) itself, through an amendment to the RBI Act,…