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The Reserve Bank of India (RBI) is the central bank of India, responsible for regulating the country's currency and credit systems. It was established on April 1, 1935, in accordance with the Reserve Bank of India Act, 1934. The RBI's primary purpose is to maintain the stability of the Indian rupee and ensure the flow of credit to productive sectors of the economy. It also acts as the banker to the government and performs various traditional central banking functions, such as issuing currency, managing foreign exchange reserves, and regulating the banking sector. The RBI's functions and responsibilities include: Monetary Policy: Formulating and implementing monetary policy to control inflation, stabilize the currency, and promote economic growth. Currency Issuance: Issuing and managing the supply of currency notes and coins in the economy. Banker to the Government: Managing the central and state governments' accounts and acting as their banker. Regulator and Supervisor of Banks: Regulating and supervising the banking sector to ensure financial stability and protect the interests of depositors. Foreign Exchange Management: Managing the country's foreign exchange reserves and regulating foreign exchange transactions. Developmental Role: Undertaking various developmental activities to support the growth and stability of the financial system. Financial Inclusion: Promoting financial inclusion and ensuring access to banking services for all segments of the population. The RBI's policies and decisions have a significant impact on the Indian economy and financial markets. It plays a crucial role in maintaining price stability, managing inflation, and fostering a stable and efficient financial system. The RBI is governed by a central board of directors, headed by the Governor. The central board is responsible for the overall functioning and operations of the RBI. The Governor and Deputy Governors are appointed by the government and play key roles in shaping the RBI's policies and initiatives. In summary, the Reserve Bank of India is a key institution in India's financial and economic landscape. Its primary objectives are to maintain monetary stability, regulate the financial system, and support the country's economic development. As the central bank, the RBI plays a pivotal role in influencing the direction and performance of the Indian economy."

• Central bank of India, Regulates currency and credit systems, Established in 1935, Governed by the Reserve Bank of India Act, 1934, Maintains stability of the Indian rupee, Ensures flow of credit to productive sectors, Issues and manages currency notes and coins, Formulates and implements monetary policy, Controls inflation and stabilizes the currency, Acts as banker to the government, Manages central and state governments' accounts, Regulates and supervises the banking sector, Protects the interests of depositors, Manages foreign exchange reserves, Regulates foreign exchange transactions, Undertakes developmental activities for financial system, Promotes financial inclusion, Access to banking services for all segments of the population, Significant impact on Indian economy and financial markets, Maintains price stability and manages inflation, Governed by a central board of directors, Headed by the Governor, Appointed by the government, Central board responsible for overall functioning, Governor and Deputy Governors shape policies and initiatives