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RBI's dollar sales may net govt big dividend
January 23, 2025
|Financial Express Kochi
IDFC FIRST Bank estimates ₹2 lakh crore of payout by the RBI while QuantEco pegs the dividend at around ₹1.5 lakh crore for the current fiscal
THE FALLING RUPEE may still have a silver lining for the government. Analysts are penciling in another year of windfall dividend by the Reserve Bank of India courtesy the profits earned on selling massive amounts of dollars in its attempt to support the rupee.
IDFC FIRST Bank estimates ₹2 lakh crore of payout by the RBI while QuantEco Research pegs the dividend around ₹1.5 lakh crore for the current fiscal. The payout stood at ₹2.1 lakh crore in the previous year. The dividend transferred for this year will be taken for the next year's Budget accounting.
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