what are the functions of Reserve Bank of India
rishi2514:
hi
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main function of RBI is
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.
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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RBI controls the functioning of formal sources of loans
example = banks and cooperatives
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