India  

How RBI’s record Rs 2.1 lakh crore dividend payout to government may help improve India’s credit rating

IndiaTimes Sunday, 26 May 2024
Several factors could have contributed to the record profit, including the significant increase in interest rates in the United States, where the RBI invests a substantial portion of its $644 billion foreign exchange reserves (Rs 54 lakh crore).
0
shares
ShareTweetSavePostSend
 

You Might Like


Related news from verified sources

Explained: How RBI managed to give the highest ever Rs 2.1 lakh crore dividend payout to government

The Reserve Bank of India (RBI) announced a record dividend payout of over Rs 2.1 lakh crore to the government in FY24. The payout, announced on Wednesday...
IndiaTimes