RBI stands for Reserve Bank of India. It is also called Central Bank that controls all the monetary and fiscal policies inside the country. It also provides a legal framework to the local and multinational banks.
RBI is important because it regulates the issuance of Bank Notes and keeps reserves with a view to
secure monetary stability in India. Another goal of RBI is to operate the currency and
credit system of the country to its advantage.
It implements and monitors the monetary policy and also sets the parameters for banking operations in India. The key aim of RBI is to regulate the Foreign exchange.
RBI is important because it regulates the issuance of Bank Notes and keeps reserves with a view to
secure monetary stability in India. Another goal of RBI is to operate the currency and
credit system of the country to its advantage.
It implements and monitors the monetary policy and also sets the parameters for banking operations in India. The key aim of RBI is to regulate the Foreign exchange.
