Hyderabad, Nov 18 (UNI) Former Governor of Reserve Bank of India (RBI) Dr. Duvvuri Subba Rao emphasized that the RBI’s core objectives are price stability, supporting growth, employment and ensuring financial stability.

GITAM School of Business, Hyderabad, hosted eminent economist and former Governor of the central bank for a distinguished guest lecture on the theme of ‘Central Banking’. He delivered two insightful sessions titled “The Macroeconomic Mandate of Central Banks” and “Navigating Dilemmas: The Future of Central Banking”.

Defining price stability as “low and steady inflation”, he explained how monetary policy and the repo rate influence inflation, consumption, investment, and overall economic activity.

Dr. Subba Rao began by demystifying the role of the RBI and explaining how

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