it is the central bank of india and was established in 1935. adding to it the teacher told that its name is reserve bank of india tell me what this bank does
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In the indian context, the basic function of the Reserve Bank if India as enunciated in the Preamble to the RBI Act, 1934 are : " to regulate the issue if bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country
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