Answer / Ram Narayan

The Reserve Bank of India (RBI) is the central banking institution of India. Its primary functions include: (1) Monetary policy formulation to control inflation and maintain financial stability; (2) Issue and management of currency and coins; (3) Supervision and regulation of all commercial banks in India; (4) Acting as a banker to the government, managing public debt and making advances to the government when necessary; (5) Regulating and promoting payment and settlement systems in India.

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