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Main functions of RBI

Monetary Authority

Formulates, implements and monitors the monetary policy with objective of maintaining price stability and ensuring adequate flow of credit to productive sectors.

Regulator and supervisor of the financial system

Prescribes broad parameters of banking operations within which the country's banking and financial system functions with objective of maintain public confidence in the system, protect depositors' interest and provide cost-effective banking services to the public.

Manager of Foreign Exchange

Manages the Foreign Exchange Management Act, 1999 with objective of to facilitating external trade and payment and promote orderly development and maintenance of foreign exchange market in India.

Issuer of currency

Issues and exchanges or destroys currency and coins not fit for circulation with objective of giving the public adequate quantity of supplies of currency notes and coins and in good quality.

Developmental role

Performs a wide range of promotional functions to support national objectives.

Related Functions

Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.

Banker to banks: maintains banking accounts of all scheduled banks.

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