Central banks play a pivotal role in shaping the economic stability and financial well-being of a nation. They are the cornerstone of a country’s monetary and financial system, and their functions are critical in achieving economic goals. One such central bank that stands as a prominent example is the Reserve Bank of India (RBI). In this article, we will delve into the essential roles of a central bank and explore how the RBI has fulfilled these roles to influence the Indian economy.
