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
Diocese of Mumbai of the Church of North India Diocese of Mumbai of the Church of North India The Diocese of Mumbai of the Church of North India is the Anglican diocese covering metropolitan Mumbai and the state of Maharashtra. The cathedra seat of the Bishop of Mumbai is St. Thomas Cathedral, Mumbai. Historically known as the Diocese of Bombay from its inception in 1837, it was a diocese of Church of India, Burma and Ceylon, which was renamed the Church of India, Pakistan, Burma and Ceylon in 1947; since then it has been one of its most prominent Dioceses in the Indian subcontinent. It is headed by the