What are the current tools that RBI has?

How has RBI’s monetary policy objective been influenced by the financial crisis?

What are the benefits of inflation targeting?

Examples of central banks using inflation target as their monetary policy objective.

Paper by Raghbendra Jha and others on India.
Some useful links:

http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?id=502

http://www.rbi.org.in/SCRIPTs/bs_viewspeeches.aspx

http://www.rbi.org.in/SCRIPTs/BS_SpeechesView.aspx?Id=602

http://ir.ide.go.jp/dspace/bitstream/2344/842/1/200_inoue_hamori.pdf

http://www.networkideas.org/feathm/oct2007/pdf/Raghbendra_Jha.pdf

http://www.rbi.org.in/scripts/PublicationsView.aspx?id=13839

cheers fella