RBI’s record Rs 2.7 trillion dividend fueled by US dollar sell offs and forex gains: SBI
[ad_1] The Reserve Bank of India’s historic dividend payout of approximately Rs 2.7 trillion to the government was fueled by strong sales of US dollar, a high foreign exchange gain and steady rise in interest income, State Bank of India said in its latest report.The report said that RBI’s active participation in the forex market was a major contributor to this huge surplus. In fact, the central bank emerged as the biggest seller of foreign exchange reserves among Asian peers in January 2025.“This surplus payout is driven by robust gross dollar sales, higher foreign exchange gains, and steady increases in interest income,” the report noted, quoted by ANI.Over the past year, the apex bank adopted a series of aggressive measures, including large scale sell offs of US dollars, as a part of its intervention strategy to stabilise Rupee. India’s forex […]