what are the functions of Reserve bank of India
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Answer:Major functions of the RBI are as follows:
Issue of Bank Notes: ...
Banker to Government: ...
Custodian of Cash Reserves of Commercial Banks: ...
Custodian of Country's Foreign Currency Reserves: ...
Lender of Last Resort: ...
Central Clearance and Accounts Settlement: ...
Controller of Credit:
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Explanation:
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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