Describe the function of RBI.
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RBI controls and monitors the printing of currency notes and monetary policy of Indian economy. RBI monitors day to day functioning of public sector banks. RBI has a major role in maintaining a good situation in the economy of the state.
RBI probably also has a role in determining and maintaining properly the value of indian currency against foreign currencies.
RBI probably also has a role in determining and maintaining properly the value of indian currency against foreign currencies.
kvnmurty:
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Heya....
RBI is the Central Bank of India ...
It's functions are....
** It play the supervisory role above all commercial banks...
** It act as a banker to government...
** RBI controls the money supply in market....
** RBI has the authority to issue notes in India....
** It has the custodian of foreign exchange....
RBI is the Central Bank of India ...
It's functions are....
** It play the supervisory role above all commercial banks...
** It act as a banker to government...
** RBI controls the money supply in market....
** RBI has the authority to issue notes in India....
** It has the custodian of foreign exchange....
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