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What is RBI Functions and Banking Regulations Explained about?

RBI is the central bank of India that oversees monetary policy and influences inflation, exchange rates, and loan rates. It does this through tools like the bank rate, repo rate, and reverse repo rate. The bank rate is the rate at which RBI lends to commercial banks, influencing overall lending. Repo and reverse repo rates impact how expensive or cheap it is for banks to borrow short term funds from RBI. By adjusting these rates, RBI can impact the overall money supply and credit growth in the economy.

Author

Akash Didharia

Language

EN