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 Chennai Mail from Mumbai CSMT up to Pune handing over to a Pune based WDM 3A locomotive until Wadi following which a Royapuram based WAP 4 powers the train for the remainder of the journey until Chennai Central. It runs on a daily basis. It shares its rake with the 11041/11042 Mumbai CSMT Chennai Central Express Mumbai Chennai Mail The 11027 / 11028 Mumbai CSMT Chennai Central Mail is a train belonging to Indian Railways - Central Railway zone that runs between Mumbai CSMT & Chennai Central in India. It operates as train number 11027 from Mumbai CSMT to Chennai Central and