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
School of Law, University of Mumbai School of Law, University of Mumbai The School of Law, University of Mumbai is a public institution for undergraduate legal education in India. It is established under Department of Law, University of Mumbai and is situated at the University of Mumbai, Thane Sub Campus, Thane, Mumbai. The college is the one of the two law colleges in Mumbai University to offer B.B.A. - LL.B. Course, the other being University of Mumbai Law Academy. School of Law is a University administered Institution. The Campus also houses Institute of Distance & Open Learning and Management courses. Admissions to undergraduate courses happen through