RBI Surplus Transfer  Propped Up By Change In Accounting Of Forex Gains
The Reserve Bank of India (RBI) logo is displayed on the bank’s building in Mumbai, India. (Photographer: Adeel Halim/Bloomberg)

RBI Surplus Transfer Propped Up By Change In Accounting Of Forex Gains

The Reserve Bank of India's large surplus transfer to the government was propped up by higher net income from bond purchases via open market operations and a change in the manner in which gains on ...
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