Analysts said the Reserve Bank of India had taken the opportunity to build up its reserves amid weakness in the US dollar, which had eased pressure on emerging market currencies such as the rupee. The central bank intervenes in the foreign exchange market to rein in excessive volatility in the exchange rate.
RBI’s strong dividend to govt boosted by USD sales, interest income: SBI report
The Reserve Bank of India’s record dividend payout of nearly Rs 2.7 trillion to the government has been made possible due to robust gross dollar
May 24, 2025