Preamble of Reserve Bank of India

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The preamble of the Reserve Bank of India describes the basic functions of the reserve bank as:

…to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth.