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Reserve Bank of India (RBI)
June 06 , 2012

The Reserve Bank of India is the regulator of India's Banks and its financial system. It has atleast three key functions:

  • It regulates the Banking sector, setting rules under which Banks need to operate and the kind of disclosures they need to provide
  • It controls inflation and catalyses economic growth, through use of the interest rate and other monetary policy variables
  • It manages the exchange rate in such a way that importers and exporters have a stable environment to operate under

The Governor (currently Dr. Duvvuri Subbarao) of the RBI heads the institution.

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