world-economy

India's Central Bank Posts Record Dividend Payout on FX Gains

The Reserve Bank of India transferred a record dividend to the government, driven by higher interest income and large foreign exchange transaction gains, according to its latest annual report. The RBI paid 2.99 trillion rupees to the government, up from 2.69 trillion rupees the prior year. The payout fell short of economist expectations, with most forecasters in a Bloomberg News survey anticipating nearly 3 trillion rupees. The dividend increase reflects stronger earnings across central bank operations, particularly from currency market activities that generated significant gains during the period.