mention the significance of RBI
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the significance of RBI :-
It plays an important role in strengthening, developing and diversifying the country's economic and financial structure.
It is the apex bank in the Indian Banking System.
The Reserve Bank of India (RBI) is India's Central banking institution, which controls the monetary policy of the Indian rupee.
The main functions of the RBI include: Monetary authority: formulates, implements and monitors India's monetary policy, the main objectives of which are maintaining price stability, ensuring adequate flow of credit to productive sectors, and financial stability.
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THANKS
It plays an important role in strengthening, developing and diversifying the country's economic and financial structure.
It is the apex bank in the Indian Banking System.
The Reserve Bank of India (RBI) is India's Central banking institution, which controls the monetary policy of the Indian rupee.
The main functions of the RBI include: Monetary authority: formulates, implements and monitors India's monetary policy, the main objectives of which are maintaining price stability, ensuring adequate flow of credit to productive sectors, and financial stability.
.
.
.
THANKS
ashwinirath777:
thanks
Answered by
1
The significance of the Reserve bank of India is given below.
Explanation:
- Well into the Asian financial system it is still the top bank branch.
- It plays a crucial role throughout consolidating, evolving as well as leveraging the economic and political architecture of the nation.
- RBI seems to be India's fractional reserve banking body which manages the country rupee's monetary expansion.
- Its key goals are to preserve market stability, confidence.
Learn more:
https://brainly.in/question/7500540
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