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What is the role of RBI in forex?
The Reserve Bank of India (RBI) plays a crucial role in the foreign exchange (forex) market by regulating and managing the country's forex reserves, ensuring stability in the currency exchange rates. It formulates and implements policies related to foreign exchange under the Foreign Exchange Management Act (FEMA), 1999. Additionally, the RBI acts as the custodian of India's foreign exchange reserves, intervenes in the forex market to curb excessive volatility, and facilitates external trade and payments. Through these actions, the RBI aims to maintain the overall stability of the Indian economy.
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 function ofRBI?
The Reserve Bank of India (RBI) serves several key functions, including regulating the country's monetary policy to ensure price stability and economic growth. It manages the issuance of currency and oversees the banking sector to maintain financial stability. Additionally, the RBI acts as the banker to the government and holds foreign exchange reserves to manage the country's external trade and payments. It also plays a crucial role in developing the financial market and promoting financial inclusion.
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
What is the role of RBI in forex?
The Reserve Bank of India (RBI) plays a crucial role in the foreign exchange (forex) market by regulating and managing the country's forex reserves, ensuring stability in the currency exchange rates. It formulates and implements policies related to foreign exchange under the Foreign Exchange Management Act (FEMA), 1999. Additionally, the RBI acts as the custodian of India's foreign exchange reserves, intervenes in the forex market to curb excessive volatility, and facilitates external trade and payments. Through these actions, the RBI aims to maintain the overall stability of the Indian economy.
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.
What are salient features of FEMA and MRTP?
The Foreign Exchange Management Act (FEMA) focuses on facilitating external trade and payments while promoting the orderly development and maintenance of the foreign exchange market in India. Key features include the regulation of foreign exchange transactions and the establishment of the Reserve Bank of India (RBI) as the central authority. The Monopolies and Restrictive Trade Practices Act (MRTP) aimed to prevent monopolistic practices and promote competition in the market. It included provisions for regulating mergers and acquisitions, ensuring consumer protection, and promoting fair trade practices.
Where do you cash in foreign money?
RBI
What are the function ofRBI?
The Reserve Bank of India (RBI) serves several key functions, including regulating the country's monetary policy to ensure price stability and economic growth. It manages the issuance of currency and oversees the banking sector to maintain financial stability. Additionally, the RBI acts as the banker to the government and holds foreign exchange reserves to manage the country's external trade and payments. It also plays a crucial role in developing the financial market and promoting financial inclusion.
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 are the duties and powers of an authorised person under FEMA 1999?
Under the Foreign Exchange Management Act (FEMA) 1999, an authorized person is empowered to facilitate and regulate foreign exchange transactions in India. Their duties include ensuring compliance with the provisions of FEMA, processing applications for foreign exchange, and maintaining records of transactions. They also have the authority to conduct audits and inspections to verify adherence to regulatory requirements, and they play a key role in reporting suspicious transactions to the Reserve Bank of India (RBI).
Who carries out open market operation in India?
rbi
