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RBI Plans Record Surplus Transfer to Government

RBI Plans Record Surplus Transfer to Government

The Reserve Bank of India (RBI) is set to make a historic surplus transfer to the government for the financial year 2024-25. This could range from Rs 2.5 lakh crore to Rs 3 lakh crore, surpassing last year's record of Rs 2.11 lakh crore. The RBI's central board will determine the final amount on May 23, following its Economic Capital Framework (ECF), which guides the distribution of profits. The RBI's strong earnings this year were driven by dollar sales and rising gold prices. This significant transfer is expected to enhance banking liquidity, potentially leading to more favorable financial conditions.

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