The Reserve Bank of India’s record dividend payout to the government, nearly Rs 2.7 trillion, was primarily driven by substantial dollar sales and foreign exchange gains. The RBI actively intervened in the forex market, becoming a major seller of reserves. Increased earnings from rupee securities also contributed, although tempered by falling G-sec yields. Post navigation RBI’s new KYC rules to ease compliance ‘Will not discuss…’: US tells WTO that India has no basis to impose retaliatory duties on 29 American products
