Economics

What is the functionality of RBI?

Posted by daneelyunus on

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:
    August 29, 2020 at 5:34 pm

    Very nice informative post!!!

    Don’t forget to Glee and spread Sparkles โœจ
    -Nani ๐Ÿ’–

    Liked by 1 person

    Reply
    1. daneelyunus says:
      August 30, 2020 at 6:05 am

      Thanks for appreciation and reading my post

      Liked by 1 person

      Reply
      1. Glee Sparkle says:
        August 30, 2020 at 6:13 am

        My pleasure ๐Ÿฅฐ Have a great day ahead ๐Ÿ’•

        Liked by 1 person

      2. daneelyunus says:
        August 31, 2020 at 5:15 pm

        ๐Ÿ˜Š๐Ÿ˜Š

        Like

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