FUNCTIONS OF RBI

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function of rbi

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FUNCTIONS OF RBI: 

FUNCTIONS OF RBI MONETARY AUTHORITY Formulates, implements & monitors the monetary policy. objective: maintaining price stability & ensuring adequate flow of credit to productive stores.

MANAGER OF FOREIGN EXCHANGE: 

MANAGER OF FOREIGN EXCHANGE Manages the foreign exchange management act, 1999. Objective: to facilitate external trade & payment & promote orderly development & maintenance of foreign exchange market in India.

ISSUER OF CURRENCY: 

ISSUER OF CURRENCY Issues & exchanges or destroys currency & coins not fit for circulation. Objective: to give the public adequate quantity of supplies of currency notes & coins & in good quality.

DEVELOPMENTAL ROLE: 

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