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RBI’s Dividend Bonanza Driven by Robust Gross Dollar Sales, Higher Forex Gains - Social News XYZ
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RBI’s dividend bonanza driven by robust gross dollar sales, higher forex gains
New Delhi: The record Rs 2.69 lakh crore dividend bonanza by the Reserve Bank of India (RBI) to the government is driven by robust gross dollar sales, higher foreign exchange gains, and steady increases in interest income, according to a new report. Notably, the RBI was the top seller of foreign exchange reserves in January among other Asian central banks. In September 2024, foreign exchange reserves peaked to $704 billion and the RBI has sold …
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