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.RBI generates revenues primarily via seigniorage. It prints money and distributes it through banks, or credits banks with electronic reserves, to help settle transactions in the economy. Typically, it does not pay interest on the currency or reserve liabilities. At times, it also makes money by buying dollars when the rupee is strong and selling them when the rupee is weak. It incurs costs, too, an important one being that of printing and replacing currency notes. ....
India has decent forex reserves, but they are depleting gradually for four consecutive weeks. The week that ended on April 9 saw the central bank’s reserves fall by $11 billion to about $606 billion. ....
Read more about Continuing to lend a calming hand, RBI has its job cut out from here on on Business Standard. With inflation pressures likely to remain intact, the other critical input for the RBI will be the global monetary policy conditions, especially in the US ....
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The reserves, which have been steadily increasing over the last few months, had touched an all-time high at $590.185 billion for the week ended January 29 this year. ....