RBI Governor Urjit Patel unexpectedly resigned Monday, bringing into prominence the role played by the central bank in the country's economy.
Following is an explainer on the functions and responsibilities of the RBI:-
Role of Reserve Bank of India:
Monetary Policy of the country:
Inflation control:
RBI decides benchmark interest rate:
RBI announces benchmark interest rate every two months:
RBI and financial literacy:
Government's banker:
Key appointments in the RBI
RBI's autonomy
Early days:
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