RBI Profits Surge to $31.4 Billion

Published 1 year ago

The Reserve Bank of India (RBI) reported a 27.5% rise in net income to 2.69 trillion rupees ($31.4 billion) for the last fiscal year, driven by gains in foreign exchange and securities. A record surplus was transferred to the government.

FX gains jumped to 1.11 trillion rupees.
Balance of payments impacted the dollar's value.
Expenditure rose due to interest & costs.

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