Reserve Bank of India and RBI has an important role to play in regulating & managing this segment. RBI manages forex and gold reserves of the nation. On a given day, the foreign exchange rate reflects the demand for and supply of foreign exchange arising from trade and capital transactions. The RBI's Financial Markets Department (FMD) participates in the foreign exchange market by undertaking sales / purchases of foreign currency to ease volatility in periods of excess demand for/supply of foreign currency. Reserve bank of India is the sole body who is authorized to issue currency in India. The bank also destroys the same
Mumbai Indians ever association with cricket will produce a limited edition collection which will be available globally across popular cricket playing nations. Mumbai Indians have supported the social cause of education to the underprivileged. They have raised funds for the cause via selling merchandise like wristbands signed by their players. The NGOs supported are Pratham, Ummeed, Akanksha, Teach For India and Nanhi Kali. Mumbai Indians The Mumbai Indians (abbreviated as MI) are a franchise cricket team based in the city of Mumbai, Maharashtra. Founded in 2008, Mumbai Indians play in the Indian Premier League (IPL). The team is owned by India's biggest