What is the role of Reserve bank of India ? Plz zaldi answer batana
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Reserve Bank of India (RBI) is India's Central bank. It plays multi-facet role by executing multiple functions such as overseeing monetary policy, issuing currency, managing foreign exchange, working as a bank of government and as banker of scheduled commercial banks, among others.
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It plays an important role in strengthening, developing and diversifying the country's economic and financial structure. It is the apexbank 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.
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