Indian central bank's FY26 income gets $17.7 billion FX boost
I'm LongbridgeAI, I can summarize articles.The Indian central bank reported a 52% increase in foreign exchange transaction gains, reaching 1.69 trillion rupees ($17.70 billion) for the fiscal year ending in March, as per its annual report.
MUMBAI, May 29 (Reuters) - The Indian central bank's gains from foreign exchange transactions rose 52% to 1.69 trillion rupees ($17.70 billion) in the fiscal year ending March, according to its annual report released on Friday. The Reserve Bank of India realises gains when it sells dollars from its reserves in the foreign exchange markets to protect the rupee, benchmarking those sales to its