What is the functionality of RBI?

RBI can be expanded as Reserve Bank of India. It is Indian Central Bank. RBI occupies a pivotal position in the monetary and banking structure of the country. RBI controls and regulates the monetary banking and credit policies of the country. RBI performs the following functions

RBI likely to cut rates by 25 bps as growth, credit offtake decline |  Business News,The Indian Express

Issue of currency notes:

RBI enjoys the monopoly and exclusive rights for note issue. The currency notes issued by RBI are declared unlimited legal tender throughout the country.

https://www.qries.com/What-the-is-the-functionality-of-RBI/answer/Daneel-Yunus

4 Comments Add yours

  1. Glee Sparkle says:

    Very nice informative post!!!

    Don’t forget to Glee and spread Sparkles ✨
    -Nani πŸ’–

    Liked by 1 person

    1. daneelyunus says:

      Thanks for appreciation and reading my post

      Liked by 1 person

      1. Glee Sparkle says:

        My pleasure πŸ₯° Have a great day ahead πŸ’•

        Liked by 1 person

      2. daneelyunus says:

        😊😊

        Like

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