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Reserve Bank of India

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India. 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."

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    • junho 2019
      Fonte: Reserve Bank of India
      Carregamento por: Knoema
      Acesso em 14 junho, 2019
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      1. The data source for this Table for the period 1976-77 to 1999-2000 are Bombay Bullion Association and Press Trust of India. For the period 2000-01 on wards, the data sources are (i) Economic Times, Mumbai/IBJA Website for gold and silver prices in Mumbai and LBMA for gold price in London and (ii) IMF IFS for silver price in New York. 2. Data provided in this Table for the period 1976-77 to 1999-2000 and 2000-01 to 2013-14 may not be strictly comparable due to different sources of information.
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