ECO - REPO RATE
Macro-Economics Assignment on REPO – RATE And Its Effects
Under Guidance of:
Dr. (Mrs.) Neetu Jain
Faculty – Macroeconomics, BVIMR
By:
Amit K. Lal – 0141MBA023
Chirag Budhiraja – 0141MBA048
Akhilendra Singh – 0141MBA013
(Students of MBA – 2nd Semester, Section – A, BVIMR)
INTRODUCTION
The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934. The share capital was divided into shares of ₹100 each fully paid which was entirely owned by private shareholders in the beginning. Following India's independence in 1947, the RBI was nationalized in the year
1949.
FUNCTIONS OF RBI: Monetary Authority
Regulator and supervisor of the financial system
Manager of Foreign Exchange
Issuer of currency
Developmental role
Related Functions
CONTROLLER OF
CURRENCY
ISSUES CURRENCY
NOTES.
CHECKS FAKE
CURRENCY AND
ENSURE THAT IT IS
NOT REDISTRIBUTED.
IS THE OWNER OF
CURRENCY CHEST
BANKERS BANK
REGULATES AND
ENSURES STABILITY.
CONTROLS VOLUMES
OF THEIR RESERVES
(SLRs and CRRs).
EXTENDS CREDIT
FACILITIES TO BANKS.
LENDER OF THE LAST
RESORT
RAISE DEPOSITS AND
BORROW MONEY TO
MEET COMMITMENTS.
BORROWING AGAINST
GOVERNMENT
SECURITIES.
MERGING WEAK BANK
WITH STRONG BANKS
TO ENSURE LONG TERM
GROWTH.
BANKERS TO
GOVERNMENT
MANTAINS ACCOUNTS
OF VARIOUS
MINISTRIES.
ISSUER OF SECURITIES.
SHORT TERM CREDIT
TO GOVERNMENT.
SUPERVISING
AUTHORITY/REGULAT
OR AND SUPERVISOR
ADVICES GOVERNMENT
FOR SALE AND PURCHASE
OF SECURITIES.
REGULATES THE
BANKS AND
NBFCs IN INDIA.
ADVICES GOVT. ON HOW
MUCH INTEREST IS TO BE
ALLOWED ON
SHORT/LONG TERM
CREDIT.
In the context of developing economies like India, monetary policy acquires a wider role and it has to be designed to meet the particular requirements of the economy. It stimulates or discourages spending on goods
and
Under Guidance of:
Dr. (Mrs.) Neetu Jain
Faculty – Macroeconomics, BVIMR
By:
Amit K. Lal – 0141MBA023
Chirag Budhiraja – 0141MBA048
Akhilendra Singh – 0141MBA013
(Students of MBA – 2nd Semester, Section – A, BVIMR)
INTRODUCTION
The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934. The share capital was divided into shares of ₹100 each fully paid which was entirely owned by private shareholders in the beginning. Following India's independence in 1947, the RBI was nationalized in the year
1949.
FUNCTIONS OF RBI: Monetary Authority
Regulator and supervisor of the financial system
Manager of Foreign Exchange
Issuer of currency
Developmental role
Related Functions
CONTROLLER OF
CURRENCY
ISSUES CURRENCY
NOTES.
CHECKS FAKE
CURRENCY AND
ENSURE THAT IT IS
NOT REDISTRIBUTED.
IS THE OWNER OF
CURRENCY CHEST
BANKERS BANK
REGULATES AND
ENSURES STABILITY.
CONTROLS VOLUMES
OF THEIR RESERVES
(SLRs and CRRs).
EXTENDS CREDIT
FACILITIES TO BANKS.
LENDER OF THE LAST
RESORT
RAISE DEPOSITS AND
BORROW MONEY TO
MEET COMMITMENTS.
BORROWING AGAINST
GOVERNMENT
SECURITIES.
MERGING WEAK BANK
WITH STRONG BANKS
TO ENSURE LONG TERM
GROWTH.
BANKERS TO
GOVERNMENT
MANTAINS ACCOUNTS
OF VARIOUS
MINISTRIES.
ISSUER OF SECURITIES.
SHORT TERM CREDIT
TO GOVERNMENT.
SUPERVISING
AUTHORITY/REGULAT
OR AND SUPERVISOR
ADVICES GOVERNMENT
FOR SALE AND PURCHASE
OF SECURITIES.
REGULATES THE
BANKS AND
NBFCs IN INDIA.
ADVICES GOVT. ON HOW
MUCH INTEREST IS TO BE
ALLOWED ON
SHORT/LONG TERM
CREDIT.
In the context of developing economies like India, monetary policy acquires a wider role and it has to be designed to meet the particular requirements of the economy. It stimulates or discourages spending on goods
and