Social Sciences, asked by srujankumarnacham, 1 year ago

role banking in indian economy short

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Answered by Anonymous

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The Reserve Bank of India (RBI, Hindi: भारतीय रिज़र्व बैंक) is India's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of theReserve Bank of India Act, 1934.

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