RBI prepares for 75th anniversary

The Reserve Bank of India (RBI) commemorated entering its 75th year on Wednesday with a speech by the governor, who announced plans to mark its platinum jubilee.

The RBI was first established as a shareholders' bank on 1 April 1935, before being nationalised in 1949, two years after India became independent of British rule.

Among the events that it has presided over are the devaluation of the rupee in 1966, the nationalisation of 14 banks in July 1969 and the economic expansion that followed the

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