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
Central line (Mumbai Suburban Railway) Central line (Mumbai Suburban Railway) The Central line of the Mumbai Suburban Railway is a public transit system serving Mumbai, Maharashtra, India. It consists of 24 stations from Chhatrapati Shivaji Maharaj Terminus (C.S.M.T.) to Kalyan Junction. The entire line is at grade. It has section of quadruple track starting from Chhatrapati Shivaji Terminus and ends at Kasara, Roha, Lonavala and Khopoli junctions in Maharashtra The Central line in Mumbai consists of three major corridors, which bifurcate as they run into suburban satellite towns. Two corridors (one local and other through) on Central Railway run from CST to Kalyan Junction (55