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Tuesday, May 6, 2025

RBI forex income likely higher, set to push dividend payout to central government

The RBI's FY25 income from foreign exchange reserves is projected to be higher due to elevated US treasury yields, potentially boosting the central bank's dividend payout to the government. Increased interest earnings on foreign currency assets and substantial dollar sales are expected to contribute to this rise.

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wWag7Jp

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US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged

The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchange...