RBI has declared a dividend of Rs 87,416 crore to the government, nearly triple the amount of Rs 30,307 crore paid out in the previous financial year. It is also much higher than the Rs 48,000 crore dividend from banks estimated in the budget. Economists said the surprisingly high dividend was a result of the volatility in the foreign exchange market which enabled the RBI to book huge profits through the sale of dollars.
May 20, 2023 at 05:21AM
from Times of India
https://ift.tt/56eqgsZ
RBI pays Rs 87k cr dividend, nearly triple of last year
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