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–Ahmedabad Shatabdi Express Mumbai Central–Ahmedabad Shatabdi Express The Mumbai Central–Ahmedabad Shatabdi Express is a super fast express train of Shatabdi class belonging to Indian Railways that runs between Mumbai Central and Ahmedabad Junction in India. It is a 6 days a week service. Earlier it would operate excluding Fridays, later it was changed to exclude Sundays. It operates as train number 12009 from Mumbai Central to Ahmedabad Junction and as train number 12010 in the reverse direction. It is fastest train on the Mumbai – Ahmedabad Sector following train is the Mumbai-Ahmedabad Duronto Express which is 2nd fastest train in BCT-ADI sector.It used