Give detail about RBI? (In 7 – 8 lines)
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The Reserve Bank of India (RBI) is the central bank of India, which was established on April 1, 1935, under the Reserve Bank of India Act. The Reserve Bank of India uses monetary policy to create financial stability in India, and it is charged with regulating the country's currency and credit systems.
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RBI stands for reserve Bank of India is India's central bank
It looks after all the organised sectors
It was established on 1 April 1934
the main purpose of RBI is to control and conduct all the financiance related work.
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