RBI

RBI, or the Reserve Bank of India, is the central bank of India responsible for controlling the country's money supply and banking system. It manages inflation, sets interest rates, issues currency, and ensures financial stability. Think of it as the "bank for banks" and the main regulator that helps keep the economy running smoothly by making sure enough money flows through the economy without causing inflation or instability. Essentially, RBI's actions influence the cost of borrowing, savings, and overall economic growth.