What is the role of RBI?

WikiWriter Answered First
I take it you mean the Reserve Bank of India. Barring the emergence of any adverse and unexpected developments in various sectors of the economy, assuming that capital flows are effectively managed, and keeping in view the current assessment of the economy including the outlook for growth and inflation, the overall stance of monetary policy in 2008-09 will broadly continue to be: To ensure a monetary and interest rate environment that accords high priority to price stability, well-anchored inflation expectations and orderly conditions in financial markets while being conducive to continuation of the growth momentum. To respond swiftly on a continuing basis to the evolving constellation of adverse international developments and to the domestic situation impinging on inflation expectations, financial stability and growth momentum, with both conventional and unconventional measures, as appropriate. To emphasise credit quality as well as credit delivery, in particular, for employment-intensive sectors, while pursuing financial inclusion. (Taken from the RBI's Policy document.)
+ 6 others found this useful
In Banking

Role of rbi in banking?

RBI stands for Reserve Bank of India. RBI is the governing body for all banks in India. It supervises the operations of all banks that operate in India. They decide the intere… Continue reading

Do you get an rbi on an error?

No. An RBI is not awarded on an error. A fielder's choice, a sacrifice, a walk with the bases loaded or a hit. That's about it. A fielding error does not warrant an RBI.

Thanks for the feedback!