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What is Functions of RBI Explained about?
The Reserve Bank of India (RBI) has several core functions: 1) It acts as the central bank, monetary authority and both the banker and debt manager to the government of India. 2) It regulates monetary policy and supervises and regulates banks in India to promote a sound and efficient banking system. 3) It works to maintain internal and external monetary stability to foster economic growth in India.
- Author
- Abhi Jain
- Language
- EN