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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.
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Discuss the role of RBI in money market?
to keep liquidity in financial markets
How can you obtain money exchange licence in India for small money exchange of the tourists?
Can any one tell me what is the process to get a RBI license for setting up a small Money Exchange to buy and sell foreign exchange.
Where do you cash in foreign money?
RBI
What is the role of rbi in banking?
government securities
Role of rbi in banking?
RBI stands for Reserve Bank of India. RBI is the governing body for all banks in India. It supervises the operations of all banks that operate in India. They decide the interest rates, cash reserve ratio, liquidity issue etc that these banks are supposed to maintain. All banks in India are supposed to abide by the rules laid down by the RBI.The main functions of RBI are:-Formulate, implement and monitor the monetary policy with the objective of maintaining price stability and ensuring adequate flow of credit to productive sectors.Regulate and supervise the financial system by prescribing the broad parameters of banking operations within which the system must function.Manager foreign exchange in order to facilitate external trade and promote orderly development and maintenance of foreign exchange market in India.Issues and exchanges or destroys currency and coins not fit for circulation, so as to give the public adequate quantity of supplies of currency notes and coins and in good quality.Performs a wide range of promotional functions to support national objectives.Banker to the Central and State Governments.Banker to banks by maintaining banking accounts of all scheduled banks.
What is the role of RBI in the foreign exchange market?
Just link to this site and ull get ur answer http://www.slideshare.net/rajeevj/foreign-exchange-market-presentation
Discuss the role of RBI in money market?
to keep liquidity in financial markets
How can you obtain money exchange licence in India for small money exchange of the tourists?
Can any one tell me what is the process to get a RBI license for setting up a small Money Exchange to buy and sell foreign exchange.
Where do you cash in foreign money?
RBI
What are the functions of RBI?
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
What are function of rbi?
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
What are rbi's functions?
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
What is the role of rbi in banking?
government securities
Who carries out open market operation in India?
rbi
Role of rbi in banking?
RBI stands for Reserve Bank of India. RBI is the governing body for all banks in India. It supervises the operations of all banks that operate in India. They decide the interest rates, cash reserve ratio, liquidity issue etc that these banks are supposed to maintain. All banks in India are supposed to abide by the rules laid down by the RBI.The main functions of RBI are:-Formulate, implement and monitor the monetary policy with the objective of maintaining price stability and ensuring adequate flow of credit to productive sectors.Regulate and supervise the financial system by prescribing the broad parameters of banking operations within which the system must function.Manager foreign exchange in order to facilitate external trade and promote orderly development and maintenance of foreign exchange market in India.Issues and exchanges or destroys currency and coins not fit for circulation, so as to give the public adequate quantity of supplies of currency notes and coins and in good quality.Performs a wide range of promotional functions to support national objectives.Banker to the Central and State Governments.Banker to banks by maintaining banking accounts of all scheduled banks.
What are the tools with RBI to control liquidity in market?
control the CLR rate
How do you obtain restricted money exchange licence from reserve bank of India for hotel business?
how do we have the licence for restriced money exchange from RBI
