<h1>RBI Celebrates 90 Years: Boosts Market Innovation, Liberalizes Foreign Investment, Tackles Transparency Challenges.</h1> The Reserve Bank of India (RBI), celebrating its 90th year, has played a pivotal role in the evolution of India's financial markets. The RBI's journey has seen significant legislative amendments to enhance regulation, supervision, and market development. Recent reforms focus on fostering trust, stability, and innovation, including efficient capital raising, expanding market participation, and promoting new financial products. The RBI has liberalized foreign investment in government securities and corporate bonds, improved market infrastructure, and enhanced retail participation. Despite progress, challenges remain, such as limited domestic bank participation in derivatives and the need for greater transparency and technology integration.