The Reserve Bank of India (RBI) is the central banking institution of India, established in 1935. RBI is responsible for issuing and regulating the Indian Rupee, the country’s official currency. It plays a crucial role in maintaining monetary stability and controlling inflation in the Indian economy. The RBI formulates and implements monetary policies to ensure economic growth and stability. It acts as a banker to the government and manages the government’s finances, including handling public debt. The RBI also supervises and regulates the banking and financial system to maintain stability and protect consumer interests. One of its key functions is to manage the foreign exchange reserves of India, safeguarding the country’s financial sovereignty. RBI operates through a network of regional offices and branches across the country. The Governor of RBI is the highest authority, responsible for overseeing the institution’s operations. RBI’s policies and decisions have a significant impact on India’s economic health and financial well-being.