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What is Functions of the RBI Explained about?

The RBI serves multiple functions including formulating monetary policy to control inflation, regulating and supervising the financial system to ensure stability, managing foreign exchange reserves, issuing currency, promoting financial inclusion and digital payments, overseeing payment systems, and acting as a banker to both the government and banks. Its objectives include maintaining price stability, public confidence in banking, and supporting national development goals. The RBI plays a crucial role in f

Author

Arindam

Language

EN