RBI’s Annual Surplus Transfer To Government Declines Sharply
A cyclist rides along an empty street past the Reserve Bank of India (RBI) headquarters during a lockdown imposed due to the coronavirus in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

RBI’s Annual Surplus Transfer To Government Declines Sharply

The Reserve Bank of India’s surplus transfer to the government for 2019-20 fell sharply compared to a year ago as the central bank earned less from bond holdings and did not have any one-time gains...
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