Reserve Bank of India (RBI) is the central bank of India. It is a statutory body established in 1935 under Reserve Bank of India Act, 1934, whose primary function is to manage and govern the financial system of the country. Indian Currency Notes Reserve Bank regulates the issue and supply of Indian Rupee. It also looks after the government's money. The central bank plays the role of the banker's bank and regulates the banking sector. It also supports in India's development by supporting the government in its developmental projects and policies. Major Functions of the RBI The preamble of the RBI.." to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth....
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