RBI to transfer record ₹3 trillion dividend to government
after close1 source ↓written by the desknot a recommendation
- according to some
- ₹3.4 trillion
The Reserve Bank of India plans to transfer a record surplus of nearly ₹3 trillion to the government this week. This payout, exceeding last fiscal's ₹2.7 trillion, aims to bolster the economy amid rising energy prices due to the Iran war. The board will meet Friday to finalize the dividend, which could reach ₹3.4 trillion according to some estimates.
This substantial transfer will help mitigate the impact of increased crude prices on India's import bill and current account deficit, potentially stabilizing market sentiment in the near term.
Not investment advice. For informational purposes only.