RBI's overseas reserves deployment income up 52% in June quarter
- Posted on October 3, 2024
- By Business News Today
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RBI's overseas reserves deployment income up 52% in June quarter
The Reserve Bank of India's income from reserve assets surged 52% to $4.1 billion in the June quarter, driven by higher returns on bonds and deposits. However, US Federal Reserve rate cuts could affect these gains. Higher commission on dollar sales and valuation gains from gold prices contributed significantly.
