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About Reserve Bank of India and Its Role in Indian Economy: A Discussion
The document provides an overview of the Reserve Bank of India (RBI) and discusses its role in the Indian economy. It begins with introducing RBI as India's central banking institution established in 1935. RBI was nationalized in 1949, with the government taking full ownership. The document then examines RBI's key functions, including acting as the sole issuer of banknotes, serving as the government's banker and advisor on monetary and banking matters, regulating commercial banks as the "bankers' bank" and lender of last resort, managing the country's foreign exchange reserves, and implementing monetary policy tools to regulate credit and inflation. Overall, the document analyzes how RBI helps control and stabilize the Indian economy through its various
Detailed Information
| Author: | ['HURI BABA'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 14 |
| Language: | English |
| Format: | |
| Price: | FREE |
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