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
The Sunday Guardian The Sunday Guardian The Sunday Guardian is an independent Sunday newspaper, founded by journalist M. J. Akbar, and currently owned by iTV Network. It was launched on 31 January 2010 from New Delhi and is printed in New Delhi, Mumbai and Chandigarh. The 40-page newspaper is divided into two sections of 20 pages each: "The Sunday Guardian" and "Guardian 20". Together, they offer a mix of news, investigation, opinion, entertainment, lifestyle and issues of human interest. The newspaper is now a part of iTV Network, which also runs the India News and NewsX channels. It was the first to report