Section 37 - Suspension of assets requirements as to foreign securities, Section 38 - Obligations of Government and the Bank in respect of rupee coin: RBI Act 1934

What is Suspension of assets requirements as to foreign securities? What are the Obligations of Government and the Bank in respect of rupee coin? Section 37 and 38 of Reserve Bank of India Act 1934

Section 37 of RBI Act 1934 : "Suspension of assets requirements as to foreign securities"

Notwithstanding anything contained in the foregoing provisions, the Bank may, with the previous sanction of the Central Government, for periods not exceeding six months in the first instance, which may, with the like sanction, be extended from time to time by periods not exceeding three months at a time, hold as assets foreign securities of less amount in value than that required by sub-section (2) of section 33.

Section 38 of RBI Act: 1934 "Obligations of Government and the Bank in respect of rupee coin"

The Central Government shall undertake not to put into circulation any rupees, except through the Bank; and the Bank shall undertake not to dispose of rupee coin otherwise than for the purposes of circulation.