RBI's record Rs 2.7 trillion dividend fueled by US dollar sell...

RBI's record Rs 2.7 trillion dividend fueled by US dollar sell offs and forex gains: SBI

Posted

131

The Reserve Bank of India's record dividend payout to the government, nearly Rs 2.7 trillion, was primarily driven by substantial dollar sales and foreign exchange gains. The RBI actively intervened in the forex market, becoming a major seller of reserves. Increased earnings from rupee securities also contributed, although tempered by falling G-sec yields.

Read Full Article

Please log in to like, share and comment!