India RBI says dividend to govt at 93.5 bln rupees

INDIA - The Reserve Bank of India (RBI) said on 17 August it has decided to transfer a dividend of 93.50 billion rupees to the federal government out of its surplus profit.

The decision was taken at a meeting of the RBI's board on 16 August, a central bank statement said.The dividend payout is unchanged from last year, it said.

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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