RBI’s Record Rs 2.7 trillion dividend to Government fueled by dollar sales and interest gains: SBI Report
The Reserve Bank of India (RBI) has transferred a record dividend of nearly Rs 2.7 trillion for the fiscal year, according to a report by the State Bank of India (SBI). The bumper payout—well above the Union Budget’s estimate of ₹2.56 lakh crore—was driven by strong foreign exchange market interventions, robust dollar sales, and rising…