Monetary policy is an arm of economic policy and in that sense, the objectives of monetary policy are no different from the overall objectives of economic policy.
The broad objectives of monetary policy in India have been a)  to regulate monetary expansion so as to maintain a reasonable degree of price stability; and  b)  to ensure adequate expansion in credit to assist economic growth. The emphasis between the two objectives has changed from year to year depending upon the conditions prevailing in that and the previous year. 8.