The Reserve Bank of India (RBI) is the central bank of India and is responsible for controlling the issuance and supply of the Indian rupee, and for banking regulation in India. It formulates, implements, and monitors the monetary policy, which aims to control the 'Money and Credit' situation in the economy to achieve objectives such as price stability, growth, and financial stability.
In India 'Money and Credit' is controlled by the
Asked in UPPSC Upper Mains 2010 · Topic: Money & Banking (Reserve Bank of India (RBI): Role, Functions, and Autonomy)
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