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 - Valsad Fast Passenger halts of the train are: The train has standard ICF rakes with max speed of 110 kmph. The train consist of 10 coaches : Both trains are hauled by a Valsad Loco Shed based WAG-5P or Vadodara Loco Shed based WAP-4E electric locomotive from Mumbai to Valsad and vice versa. Mumbai Central - Valsad Fast Passenger The Mumbai Central - Valsad Fast Passenger is a passenger train belonging to Western Railway zone that runs between Mumbai Central and Valsad. It is currently being operated with 59023/59024 train numbers on daily basis. Flying Ranee and this Passenger are only Non-AC Double