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Top 7 Functions of #Reserve bank of India (#RBI) explained in English.



: FUNCTION OF RBI :


1. The Reserve Bank of India is responsible for the implementation and monitoring of monetary policies.

2. It determines the price stability in the country keeping in mind the economic growth of the country.

3. The Reserve Bank of India lays down the broad parameters of banking operations.

4. The Reserve Bank of India deals with banking and finance and issues licenses for the same, expanding bank branches, and merging banks.

5. It is responsible for maintaining the value of the rupee outside the country.

6. Is responsible for providing currency notes and coins to the people of the country and taking care of their quality.

7. To destroy unfit currency and coins.

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