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✨ Reserve Bank of India - "functions"
* The Reserve Bank of India (RBI) is the central bank of India.
* It was established in 1935 under a special act of the parliament.
* It is responsible for determining the country's monetary policy.
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* The Reserve Bank of India (RBI) is the central bank of India.
* It was established in 1935 under a special act of the parliament.
* It is responsible for determining the country's monetary policy.
Follow 🤜 @ayusshsanghi
#UPSC
- The main role of the RBI is to maintain financial stability and to ensure adequate liquidity in the economy.
- The following are the main functions that the RBI performs dutifully:
1. Monetary Management.
2. Issuer of Currency.
3. Bank and Debt Manager of the Government.
2. Issuer of Currency.
3. Bank and Debt Manager of the Government.
4. Banker to Banks.
5. Lender of the last resort.
6. Financial regulation and supervision.
5. Lender of the last resort.
6. Financial regulation and supervision.
7. Keeps a check on the Growth of Inflation.
8. Acts as the custodian of Foreign Exchange Reserves.
9. Foreign Exchange Management.
10. Oversees Market Operations.
8. Acts as the custodian of Foreign Exchange Reserves.
9. Foreign Exchange Management.
10. Oversees Market Operations.
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