The conversation between human and AI assistant.
Does India follow the Fractional reserve banking system? Also, Just like the US federal reserve, does the RBI also "loan" out the money printed to the Indian government?
That's interesting to know. Does the RBI have any other important functions in India?
Yes, the RBI performs various important functions like printing currency notes, regulating and supervising banks, and managing India's foreign exchange reserves. Any other questions I can help you with?