Reserve Bank of India (RBI)

Tax Glossary Definition

Reserve Bank of India (RBI)

The Reserve Bank of India serves as the nation’s central bank, guiding monetary policy, issuing the Indian currency, managing foreign exchange reserves, and supporting overall financial stability. It also oversees and regulates commercial banks and financial institutions to promote a secure and efficient banking environment.

Example: For instance, the RBI may modify repo and reverse repo rates to influence borrowing costs, curb inflation, or stimulate economic growth in India.

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