Smart treasury operations could help RBI transfer higher surplus to the government
Smart treasury operations could help RBI transfer higher surplus to the government SECTIONS Share Synopsis The Reserve Bank of India may have accumulated a record high foreign exchange reserves, but it is a losing proposition given that a nearly 25 percent jump in fact led to a fall in returns by nearly a fifth. Agencies While RBI's balance sheet has expanded since June 2020, yields on foreign currency investments have indeed reduced over the past year. Even as the Reserve Bank earned less on the record reserve pile up and also stares at lower interest income as banks parked surplus liquidit...
Source: indiatimes.com