RBI approves ₹2.86 trillion transfer to government
pre-market1 source ↓written by the desknot a recommendation
- approximately
- ₹2.86 trillion
- transfer
- $29.9 billion
- than last year’s
- ₹2.69 trillion
- analyst expectations
- ₹3 trillion
India’s central bank, the Reserve Bank of India, has approved a record ₹2.86 trillion (approximately $29.9 billion) transfer to the government. This decision aims to support public finances amid rising global oil prices due to the ongoing Iran war. The payout for FY 2025-26 is higher than last year’s ₹2.69 trillion, but below the ₹3 trillion analyst expectations.
Not investment advice. For informational purposes only.