Reserve Bank of India

Central bank of India

The Reserve Bank of India,, is India's central bank, and the regulatory organisation for the Indian banking system and Indian currency. It is owned by the Ministry of Finance, Government of the Republic of India, it is responsible for the control, issue, and supply of the Indian rupee. It also manages the country's main payment systems.

Also known as...RBI
India Inflation Breaches 4% Target

India Inflation Breaches 4% Target India's retail inflation rose to 4.4% in June, breaching the central bank's target for the first time in 17 months due to fuel costs.