Reserve Bank Of India
The Reserve Bank Of India (RBI) is the central bank of India. The role of central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.
Interest rates, inflation, and exchange rates are all intrinsically linked. When the RBA manipulates interest rates this impacts both the inflation in India and also the relative value of the Indian rupee compared to other currencies.
Read our guide to the Relationship between Interest Rates and Currencies.
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