How does RBI help to solve the nation financial crises
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From regulating the Banking System of the India to Debt Management of the Government, RBI handles a vast array of responsibilities. Price stability, credit control, issue of the currency, managing the Foreign Reserve, managing money supply in the financial market, etc are some of them.
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1) All banking transaction in India are controlled by reserve Bank of India (RBI)
2) RBI varies currency supply to regulate, price situation.
3) Regulates credit lending by banks.
4) Regulates overall money supply in the economy and interest rates.
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