2. Introduction OF RBI
• The institution was established on 1 April
1935 during the British Raj in accordance with
the provisions of the Reserve Bank of India
Act, 1934.
• Headquarters: Mumbai, Maharashtra
• Governor: Duvvuri Subbarao
• Base borrowing rate: 8.50%
• Base deposit rate: 6.00%
3. Structure Of RBI
1) Central Board of Directors
2) Governors
3) Supportive bodies
4) Offices and branches
4. Features of currency futures
Standardized currency futures shall have the following
features:
a. Only USD-INR contracts are allowed to be traded.
b. The size of each contract shall be USD 1000.
c. The contracts shall be quoted and settled in Indian
Rupees.
d. The maturity of the contracts shall not exceed 12 months.
e. The settlement price shall be the Reserve Bank’s
Reference Rate on the last trading day.
