What is an rbi?

RBI stands for Reserve Bank of India. It is the central bank of India, founded in 1935. Its main function is to manage the monetary policy of the country, including the issuance and control of the Indian rupee currency. Other functions include regulating and supervising the banking sector, promoting financial stability and development, and acting as a banker to the government. The RBI is governed by a board of directors, headed by the Governor who is appointed by the central government. It is an important institution in India's economic development and stability.