Finance, Forex and Investments

plz can u tell me the main functions of reserve bank of india?

explain in your own words.... plz

Public Comments

1. RBI controls the entire banking system in India.
2. RBI ...... 1. decide the Rate of interest it gives/takes form other banks known as Repo and Reverse Repo rates. on this other bank decides their rate of interest for giving loans etc. 2. It controls price of Dollar V/s Rupees .....by fixing proper value of CRR 3. It can generates any rule which are mandatory to follow by all Indian Private and Public bank 4. It controls the Flow of money in market .......by investor institution 5. Prints money for u ....and many more .......
3. turn paper to value
4. It is the Bankers Bank and Controller of all Banks in India like Federal Reserve in USA.