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Govt may seek ₹30,000 cr interim dividend from RBI

Sep 30, 2019 12:38 IST

The Reserve Bank has said India's forex reserves declined by $388 million to $428 billion, due to a slide in core currency and gold assets. Foreign currency assets, a major component of overall reserves, declined to $396 billion. Separately, The government may seek an interim dividend of about Rs 30,000 crore from the RBI towards the end of the financial year to meet its fiscal deficit target of 3.3 percent. An assessment will reportedly be made in early January.

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