Today in History-RBI:Guardian of India’s financial stability

New Delhi 1st april (VNI) The Reserve Bank of India was established on April 1, 1935, under the provisions of the Reserve Bank of India Act, 1934. It serves as the country's central bank, responsible for regulating economic policies, issuing currency, and maintaining financial stability. Since its inception, the Reserve Bank of India has played a crucial role in shaping the Indian economy and has introduced various reforms over time to ensure its smooth functioning.