<h1>Price and financial stability: balancing monetary policy and macroprudential tools to manage trade offs and reinforce resilience.</h1> Price and financial stability are interconnected objectives that must be managed through calibrated use of monetary policy and macroprudential regulation. The Reserve Bank of India combines conventional and unconventional instruments-targeted, time bound liquidity operations, maintenance of collateral standards, moratoria and resolution frameworks, auction design, stress testing, and communication-within a flexible inflation targeting framework to prioritise price stability while treating financial stability as non negotiable and building resilience through buffers and vigilant supervision.