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Central bank of India
The Reserve Bank of India (RBI) is the central bank of the Republic of India and the regulatory organisation for the Indian banking & financial system and Indian currency. It is owned by the Ministry of Finance, Government of India, it is responsible for the control, issue, and supply of the Indian rupee. It also manages the country's main payment systems & the foreign exchange under the FEMA Act, 1999. The RBI is a statutory body of the union government and considered State under the Article 12 of the Constitution of India.
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