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 Central - Indore Duronto Express take over until Ratlam Junction following which a Ratlam based WDM 2 or WDM 3A locomotive would take over. Western Railway completed DC Electric Conversion to AC on 5 February 2012 & with the electrification of the Indore - Ujjain sector, it is now regularly hauled by a Vadodara based WAP 4E or WAP 5 all the way from Mumbai Central to Indore Technical Stoppages: Vadodara Junction, Ratlam Junction, Ujjain Junction Mumbai Central - Indore Duronto Express The Indore Duronto Express is a superfast express train of the Indian Railways connecting Mumbai Central (MMCT) to Indore (INDB). It is currently