3. RBI is a state owned institution under the RBI (Transfer of Public Ownership) Act 1948. 4. RBI has 4 Deputy Governors and 15 Directors nominated by Union government. 5. All coins and Re 1 note is issued by Government of India but put into circulation by RBI. 6. RBI manages the exchange rate between the Indian Rupee and foreign currencies by selling and buying foreign exchange to/from Authorised Dealers (RBI’s specified branches and other dealers)
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