Reserve Bank of India
Mandate and International Role
The RBI was established on April 1, 1935, under the Reserve Bank of India Act, 1934. It functions as India's central bank, monetary authority, regulator of the banking system, and manager of foreign exchange reserves.
- The RBI Act, 1934 (Section 17) outlines the bank's core functions including monetary policy, currency management, and external account management.
- India's foreign exchange reserves stood at approximately $691 billion as of March 2026.
- The RBI represents India at international forums including BIS, the Financial Stability Board (FSB), and the G20's Global Partnership for Financial Inclusion.
- RBI Governor Sanjay Malhotra has led a period of intensified international engagement since assuming office in December 2024.
● Tracked since February 06, 2026 · last seen May 10, 2026 · updates as the daily brief publishes
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