RBI Paid Record Dividend From Gains in Currency, Interest Income
India's central bank gave a record dividend to the government as gains on foreign exchange transactions and interest income boosted its profit.
The Reserve Bank of India recorded gains of over 1.11 trillion rupees ($13 billion) from sale of foreign exchange in the financial year that ended in March, up from 836.16 billion rupees the previous year, according to its annual report released Thursday. Interest income from foreign securities rose 49% during the year, it said.
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