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Fiscal deficit target at risk, Nomura warns despite RBI s Rs 87,416 crore dividend to govt

Concerns have been raised by Nomura Research regarding the achievement of the fiscal deficit target of 5.9% of GDP for the fiscal year 2023-24.

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RBI s net foreign currency purchase stood at $750 million in March

As per latest RBI data, the central bank purchased $750 million worth of foreign currency in March on a net basis.

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RBI dividend: Govt gets Rs 40,000 crore bonus despite RBI saving more for a rainy day

The RBI s dividend to the central government exceeded the 2023-24 budget estimate by 82 percent, likely on the back of huge foreign exchange gains

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RBI board approves transfer of Rs 87,416 crore as dividend to govt for 2022-23

According to the Budget announcement, the government had expected to receive Rs 48,000 crore in dividend from the central bank and state-owned lenders in 2022-23

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Moneycontrol Selects: Top stories this evening

Our specially curated package of the big stories to help you stay at the top of your game.

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