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Maintaining the exchange rate of the Indian Rupee and formulating monetary policy is the primary function of which institution?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Ministry of Finance
2State Bank of India
3Reserve Bank of India✓
4Central Government

Correct answer

Reserve Bank of India

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Maintaining the exchange rate of the Indian Rupee and formulating monetary policy is the primary function of which institution?

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