Place · central bank headquarters · India
Reserve Bank of India, Mumbai
Also known as RBI, Reserve Bank
The Reserve Bank of India headquarters on Mint Road, Fort, Mumbai, established on 1 April 1935 under the Reserve Bank of India Act 1934. It took over currency issue from the colonial Government of India (Finance Department), kept the Sher Shāh-Mughal 11.66-gram silver rupee weight as a reference, and after 1950 became the sole issuer of Indian banknotes. The adjacent India Government Mint (Mumbai, 1829) still strikes coinage. The RBI logo — a palm tree and a tiger — is a Victorian motif adapted at nationalisation.
- Periods
- Republic and Living Practice
- Function
- Authority & administration
- Confidence
- Established / referenced
- Location
- 18.932, 72.835
Connections (2)
- Historical linkSher Shāh's silver rupiya
The Reserve Bank of India at Mumbai inherited the 11.66-gram silver rupee weight from Sher Shāh via the Mughals and the Company, retained until decimalisation in 1957.
- Site withinMumbai
The Reserve Bank of India headquarters on Mint Road, Fort, in the southern tip of Mumbai, took over currency issue on 1 April 1935. The India Government Mint next door, operational since 1829, still strikes coinage. The RBI quarter is one of the oldest continuously financial-use parts of Mumbai, dating in function to the East India Company's Bombay rupee of 1672.
On these journeys
Sources
Standard reference.
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