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What is 289.00 in euro's worth in American dollars?
About $356. But the exchange rate varies all the time. in ten minutes it might be different
Role of rbi in Indian economy?
Role of RBI in Indian economyIssuer of currency - Except for issuing one rupee notes and coins, RBI is the sole authority for the issue of currency in India. The Indian government issues one rupee notes and coins. Major currency is in the form of RBI notes, such as notes in the denominations of two, five, ten, twenty, fifty, one hundred, five hundred, and one thousand. Earlier, notes of higher denominations were also issued. But, these notes were demonetized to discourage users from indulging in black-market operations.RBI has two departments - the Issue department and Banking department. The issue department is dedicated to issuing currency. All the currency issued is the monetary liability of RBI that is backed by assets of equal value held by this department. Assets consist of gold, coin, bullion, foreign securities, rupee coins, and the government�s rupee securities. The department acquires these assets whenever required by issuing currency. The conditions governing the composition of these assets determine the nature of the currency standard that prevails in India.The Banking department of RBI looks after the banking operations. It takes care of the currency in circulation and its withdrawal from circulation. Issuing new currency is known as expansion of currency and withdrawal of currency is known as contraction of currency.Banker to the Government - RBI acts as banker, both to the central government and state governments. It manages all the banking transactions of the government involving the receipt and payment of money. In addition, RBI remits exchange and performs other banking operations.RBI provides short-term credit to the central government. Such credit helps the government to meet any shortfalls in its receipts over its disbursements. RBI also provides short term credit to state governments as advances.RBI also manages all new issues of government loans, servicing the government debt outstanding, and nurturing the market for government�s securities. RBI advises the government on banking and financial subjects, international finance, financing of five-year plans, mobilizing resources, and banking legislation.Managing Government Securities - Various financial institutions such as commercial banks are required by law to invest specified minimum proportions of their total assets/liabilities in government securities. RBI administers these investments of institutions.The other responsibilities of RBI regarding these securities are to ensure -Smooth functioning of the marketReadily available to potential buyersEasily available in large numbersUndisturbed maturity-structure of interest rates because of excess or deficit supplyNot subject to quick and huge fluctuationsReasonable liquidity of investmentsGood reception of the new issues of government loansBanker to Other Banks - The role of RBI as a banker to other banks is as follows:Holds some of the cash reserves of banksLends funds for short periodProvides centralized clearing and quick remittance facilitiesRBI has the authority to statutorily ensure that the scheduled commercial banks deposit a stipulated ratio of their total net liabilities. This ratio is known as cash reserve ratio [CRR]. However, banks can use these deposits to meet their temporary requirements for interbank clearing as the maintenance of CRR is calculated based on the average balance over a period.Controller of Money Supply and Credit - In a planned economy, the central bank plays an important role in controlling the paper currency system and inflationary tendency. RBI has to regulate the claims of competing banks on money supply and credit. RBI also needs to meet the credit requirements of the rest of the banking system.RBI needs to ensure promotion of maximum output, and maintain price stability and a high rate of economic growth. To perform these functions effectively, RBI uses several control instruments such as -Open Market OperationsChanges in statutory reserve requirements for banksLending policies towards banksControl over interest rate structureStatutory liquidity ration of banksExchange Manager and Controller - RBI manages exchange control, and represents India as a member of the international Monetary Fund [IMF]. Exchange control was first imposed on India in September 1939 when World War II started and continues till date. Exchange control was imposed on both receipts and payments of foreign exchange.According to foreign exchange regulations, all foreign exchange receipts, whether on account of export earnings, investment earnings, or capital receipts, whether of private or government accounts, must be sold to RBI either directly or through authorized dealers. Most commercial banks are authorized dealers of RBI.Publisher of Monetary Data and Other Data - RBI maintains and provides all essential banking and other economic data, formulating and critically evaluating the economic policies in India. In order to perform this function, RBI collects, collates and publishes data regularly. Users can avail this data in the weekly statements, the RBI monthly bulletin, annual report on currency and finance, and other periodic publications.Promotional Role of RBI - Promotion of commercial bankingPromotion of cooperative bankingPromotion of industrial financePromotion of export financePromotion of credit to weaker sectionsPromotion of credit guaranteesPromotion of differential rate of interest schemePromotion of credit to priority sections including rural & agricultural sector.....
How much is ten British pounds in US dollars?
The exchange rate varies over time. On April 21, 2009, ten British Pounds=$14.51 For a current rate, go to http://moneycentral.msn.com/investor/market/exchangerates.aspx
What is a Hamilton 10 dollar bill worth?
If its date is 1974 or later, the same as all the other $10 bills in your wallet that all have a picture of Alexander Hamilton on them - ten dollars.
How much is the ten rand note worth today?
Ten
Who is the Pac-Ten All Time basketball scoring leaders?
Wooden
What is the time period of the ten commandments?
First of all god made the ten commandments and it was not Moses.
Who had 100 runs batted in and less than ten home runs in the same season?
Tom Herr in 1985 had 8 HR and 110 RBI.
What are the top ten drivers of all time?
a. j. foyt
What are the top ten bands of all time?
See attached
Who are the Washington Huskies top ten scoring leaders in basketball?
Welp
Who are the top ten strikeout leaders in the MLB history?
Eric freaking Roberts
Who is the all time 3 point leader in Big Ten?
Jon diebler
Who has the most top ten country singles of all time?
george strait
Is the movie beerfest funny?
Yes, might be in top ten of all time!
Who are the ten greatest male opera singers of all time?
James Morris
What is one of the ten tough facts that leaders face in combat?
To find trusted people
