RBI to Transfer Surplus Profit of $8.62 Billion to Government
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The Reserve Bank of India said on Sunday its board has approved the transfer of a surplus profit of Rs. 52,679 crore ($8.62 billion) to the government for the year ended June 2014.
This compares with a surplus transfer of Rs. 33,010 crore last year. The central bank said the transfer will take effect on Monday.
(1$ = Rs. 61.1400)
Thomson Reuters 2014
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