Tell something about RBI and its functioning in brief?
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Answer Posted / Vikas Deep
The Reserve Bank of India (RBI) is the central banking institution of the country, responsible for maintaining price stability, ensuring monetary stability, and managing the country's foreign exchange reserves. It operates independently under the Governor and conducts various functions such as issuing currency notes, setting interest rates, regulating banks, and implementing monetary policy. The RBI also plays a crucial role in maintaining financial stability and fostering a conducive environment for economic growth.
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