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
Institution Of Mechanical Engineers (India) " The Examinations held Every Year by the Association at various centers of India have also helped to Maintain High Standards for New Entrants into Profession". Institution Of Mechanical Engineers (India) The Institution of Mechanical Engineers (India) is the Professional Body for Mechanical Engineers in India. Institution's Foundation Stone was Laid in the Year 1914. The Headquarters of the Institution is Located at HASMUKH Bhavan,Behind CIDCO Office,Near Hiranandani Park,Kharghar, Navi Mumbai - 410 210. Institution Conducts Bi Annual Examinations in Month of June(Summer) and December (Winter) Popularly Known as Chartered Engineers Examination (Degree Level Section A & B) & Technician