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______ is the central bank of India.

  • RBI is the central bank of India.
  • RBI was established on April 1, 1935, under the Reserve Bank of India Act, 1934, to regulate the issue of banknotes, maintain the stability of the financial system, and promote economic development in the country.
  • RBI is responsible for formulating and implementing monetary policy in India, regulating and supervising banks and other financial institutions, managing foreign exchange reserves, and conducting research and analysis on various economic and financial issues.