Tag: foreign exchange transactions

Inside Image (1).
Posted in Economy

RBI’s overseas reserves deployment income up 52% in June quarter

 October 3, 2024  Leave a Comment on RBI’s overseas reserves deployment income up 52% in June quarter

Gayatri NayakThe Reserve Bank of India (RBI) earned 52% more by deploying its reserves overseas in the June quarter thanks largely due to higher returns…

Continue Reading
The forex gains were on record currency sales of $213 billion, more than twice what the central bank sold in fiscal 2022.(REUTERS)
Posted in Business

Strong forex gains propel RBI’s FY23 income to ₹2.35 lakh crore

 May 30, 2023  Leave a Comment on Strong forex gains propel RBI’s FY23 income to ₹2.35 lakh crore

The Reserve Bank of India (RBI)’s income grew 47% to ₹2.35 lakh crore in fiscal 2023 on higher forex gains, up from ₹1.6 lakh crore…

Continue Reading