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RBI is India's central bank, regulating monetary policy, banking, and foreign exchange to ensure economic stability and growth.
Reserve Bank of India (RBI) is the central bank of India, established in 1935 and headquartered in Mumbai. It regulates the country's monetary and financial system, issues currency, manages inflation, and ensures financial stability. RBI formulates and implements monetary policy to maintain price stability and promote economic growth.
It also regulates and supervises commercial banks, NBFCs, and foreign exchange transactions under the Foreign Exchange Management Act (FEMA). RBI plays a key role in managing the country’s foreign exchange reserves, issuing licenses to banks, and maintaining overall economic liquidity.
For NRIs, the RBI lays down rules for banking, investments, and repatriation to ensure smooth financial operations while safeguarding India's economic interests.
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