The Reserve Bank of India (RBI) is the central banking institution of India, responsible for regulating the country's monetary policy. Established in 1935, it aims to maintain financial stability and ensure the smooth functioning of the banking system. The RBI manages the issuance of currency, oversees foreign exchange, and acts as a banker to the government. The RBI also plays a crucial role in supervising and regulating commercial banks and financial institutions. It implements policies to control inflation and promote economic growth. Additionally, the RBI works to ensure the availability of adequate credit to various sectors of the economy, supporting overall development.