Foreign Exchange

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Role of RBI as Banker & Debt Manager to the Government

In 1935, Reserve Bank of India, on its inception became the Banker and Debt Manager to the Government and this is a very important function. As per the Reserve Bank of India Act 1934, the Central Government entrusts the Reserve Bank…

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Functions of Reserve Bank of India

The functions of the Reserve Bank of India can be divided into various heads discussed as below: RBI as Monetary Authority of India RBI works as the monetary authority of India and there by operates the monetary policy. Monetary policy…