to keep liquidity in financial markets
unlimited is controlled mainly by amount of money RBI wants to be there in market. gold standard is gone. money is printed by taking in account of supply and inflation.
government securities
RBI
State Bank of India (SBI) is the largest nationalized bank in India but it does not perform any role when it comes to Reserve Bank of India (RBI). The RBI is an independent entity that takes policy decisions with respect to Banking in India and SBI along with all other banks in India have to adhere to the guidelines set up by RBI.
1)It helps the bank in stabilizing the external value of currency. 2)It helps in pursuing a coordinated policy towards the balance of payments situation of the country.
unlimited is controlled mainly by amount of money RBI wants to be there in market. gold standard is gone. money is printed by taking in account of supply and inflation.
Because of the existence of Unorganized sector. This sector remains outside the purview of the RBI even today. It makes the money market an under developed one.
Just link to this site and ull get ur answer http://www.slideshare.net/rajeevj/foreign-exchange-market-presentation
explain in detail rbi's measures of money supply
Banks play a vital role to keep the flow of money in the economy in a controlled manner following the guidelines of RBI.
government securities
rbi
who control money
RBI
control the CLR rate
State Bank of India (SBI) is the largest nationalized bank in India but it does not perform any role when it comes to Reserve Bank of India (RBI). The RBI is an independent entity that takes policy decisions with respect to Banking in India and SBI along with all other banks in India have to adhere to the guidelines set up by RBI.
1)It helps the bank in stabilizing the external value of currency. 2)It helps in pursuing a coordinated policy towards the balance of payments situation of the country.