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How RBI’s record Rs 2.1 lakh crore dividend payout to government may help improve India’s credit rating
Credit: IndiaTimes- Published on May 26, 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).
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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...
on May 23, 2024 • IndiaTimes