Reserve Bank Of India (RBI) controls the monetary policy of the Indian rupee.
It was established during the British rule in 1935
RBI was formed on the basis of Dr. Ambedkar’s “Royal Commission on Indian Currency & Finance” in 1925
RBI was founded to respond to the economic troubles post world war 1
RBI Issues and exchanges currency notes and coins and destroys the same
RBI performs a wide range of promotional functions to support national objectives and industries
RBI is a member of Alliance for Financial Inclusion in promoting financial inclusion policy
The dollar reserves of RBI stands at about 360 billion dollars
Has RBI been able to maintain its autonomy?