RBI could pay govt more despite fall in interest and forex income

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. Returns on reserves deployment was lower at $4.3 billion during April-December'20 compared with $5.2 billion in the same period a year ago, according to the latest data from the RBI.

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