Reserve Bank of India

Monetary Authority: * Formulates, implements and monitors the monetary policy. * Objective: maintaining price stability and ensuring adequate flow of credit to productive sectors. Regulator and supervisor of the financial system: * Prescribes broad parameters of banking operations within which the country's banking and financial system functions. * Objective: maintain public confidence in the system, protect depositors' interest and provide cost-effective banking services to the public. Manager of Foreign Exchange * Manages the Foreign Exchange Management Act, 1999. * Objective: to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India. Issuer of currency: * Issues and exchanges or destroys currency and coins not fit for circulation. * Objective: to give the public adequate quantity of supplies of currency notes and coins and in good quality. Developmental role * Performs a wide range of promotional functions to support national objectives. Related Functions * Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker. * Banker to banks: maintains banking accounts of all scheduled banks.

Address: PO Box 10007, Central Office Building, Shahid Bhagat Singh Road, Mumbai 400 001, Maharashtra, India

Phone: +91 22 2661602
FAX: +91 22 2658269