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RBI Likely to Transfer Another Bumper Payout
Mint Bangalore
|January 24, 2025
The central bank will likely make another windfall payout to the government on account of its intervention in currency markets to stem the decline in the rupee, according to economists.
IDFC First Bank Ltd estimates ₹2 trillion ($23.1 billion) of transfer by the Reserve Bank of India while QuantEco Research pegs the dividend around ₹1.5 trillion for the fiscal year that ends in March. The payout stood at ₹2.1 trillion in the earlier year.
The RBI makes an annual payout to the government from the surplus income it earns on investments and valuation changes on its dollar holdings, and the fees it gets from printing currency.
This story is from the January 24, 2025 edition of Mint Bangalore.
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