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What is the relative role of the Reserve Bank of India and the government in currency management?

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What is the relative role of the Reserve Bank of India and the government in currency management?
posted Aug 18, 2017 by Kavana Gowda

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The Reserve Bank gets its role in currency management from the Reserve Bank of India Act, 1934. The Government, on the advice of the Reserve Bank, decides on various denominations of banknotes to be issued. The Reserve Bank also co-ordinates with the Government in the designing of banknotes, including the security features.

answer Aug 19, 2017 by Reshmi S
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