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
Dabang Mumbai Dabang Mumbai Dabang Mumbai (abbreviated as DBM) is a field hockey team based in Mumbai, Maharashtra that plays in the Hero Hockey India League (HIL). The aim is to build a team for the eight-time Olympic Champions, India be able to compete at the highest level of World Hockey. It is owned by DoIT Sports Management. Australia coach Jay Stacy serves as the head coach for the team. The team is owned by DoIT Sports Management (India) Pvt Ltd, which was incorporated as a part of DoIT Creations Group with the vision of promoting sports, athletes, sports facilities and events