Today RBI Reference Rate or Exchange rate Check

The Reserve Bank of India performs this function under the guidance of the Board for Financial Supervision (BFS).The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.

How to RBI Reference Rate or Exchange rate Check :

visit official website : https://www.rbi.org.in
rbi refernece rate exchage rate
click on Exchange rate .
to know complete Reference Rate, go to “Archive”.
go to other page, select the option like GBP, YEN, USD, EURO.
select date from and to date, click on GO.
ANd check RBI Reference Rate or Exchange rate.

or
Quick link : https://www.rbi.org.in/scripts/ReferenceRateArchive.aspx
select date from and to date, click on GO.
ANd check RBI Reference Rate or Exchange rate.

for more details visit official website : https://www.rbi.org.in.

RBI main info :
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.

Post Comment