The Indian central bank's net income surged to 2.11 trillion rupees ($25.30 billion) for the financial year ended March 2024, up from 874.20 billion rupees in the previous year, its annual report released on Thursday showed. The Reserve Bank of India saw a gain of 836.16 billion rupees from foreign exchange transactions during the year, while interest income from foreign securities rose to 653.28 billion rupees. The RBI transferred 428.20 billion rupees towards contingency funds, raising the buffer to 6.5% from 6% last year.
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