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Across 1. THE REAL VALUE OF CURRENCY IS THE SAME AS ITS __________ (2 Words) 7. THE MINIMUM RATE OF INTEREST SET BY BANKS (2 Words) 9. SHORT OF GOVERNMENT SECURITIES 10. DEALING WITH THE ECONOMY AS A WHOLE 13. INCREASING MONEY SUPPLY 15. ____ _____ THE OTHER REPO (2 Words) 16. THE MONTH OF ANNUAL MONETARY POLICY STATEMENT 17. THE DAILY OPERATIONAL WINDOW OF RBI 18. ABSORPTION IS SUCKING OUT ____________ 20. 'L' IN BPLR 21. ANOTHER NAME FOR M0 (2 Words) 23. THE POLICY DEALING WITH SETTING OF INTEREST RATES 25. NOTES BEARING THE GOVT'S GUARANTEE OF VALUE 30. _____ LIQUIDITY RATIO 32. EVERY THREE MONTHS 33. NOTE OFFERING FUTURE RETURN 34. _________ MONEY, AKA M3

Down 2. SHORT FOR EUROPEAN CENTRAL BANK 3. PRICE OF ONE CURRENCY IN TERMS OF ANOTHER (2 Words) 4. RBI'S COUNTERPART IN THE US (2 Words) 5. INDIA'S CENTRAL BANK, ABBREIVIATED 6. MARKET --- SCHEME, MANAGING THE EFFECTS OF FOREX FLOWS 8. THE RATE AT WHICH RBI INJECTS LIQUIDITY 11. ____ _____ OPERATIONS, INVOLVING BUYING / SELLING OF GOVT BONDS (2 Words) 12. THE DENOMINATION WITH LARGEST CIRCULATION (2 Words) 14. M1 (2 Words) 19. _________ DEPOSITS: THOSE THAT CAN BE WITHDRAWN ONLY ON MATURITY 22. 'B' IN BPLR 24. THE MIDDLE OF CRR 26. FIRST NAME OF RBI GOVERNOR 27. CASH IS A ________ ASSET 28. INDIAN CURRENCY 29. ________ DEPOSITS, AKA SAVINGS DEPOSITS 30. MONEY IS A ______, NOT FLOW 31. GDP IS A ________, NOT STOCK