What are the key functions of the Reserve Bank of India
Explore the roles and responsibilities of the Reserve Bank of India in regulating India's monetary policy and managing the country's banking system.
- Formulating and implementing monetary policy to maintain price stability and economic growth.
- Regulating the money supply and interest rates in the economy.
- Issuing currency and managing foreign exchange reserves to support external trade and payments.
- Supervising and regulating commercial banks and other financial institutions to ensure stability and efficiency in the financial system.
- Acting as the lender of last resort to provide liquidity support during financial crises.
- Conducting research and analysis to support policy-making and economic development.
- Promoting financial inclusion and consumer protection through regulations and initiatives.
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