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Below the Perspective on RBI dividend by Ms. Rajani Sinha, Chief Economist, CareEdge 

“We expect the Reserve Bank of India to transfer a bumper dividend to the Central government. It is likely to be in the range of Rs 2.5-3.0 trillion, with an upside bias. This would represent a sharp jump from last year’s dividend transfer which was at Rs 2.1 trillion. The dividend is also likely to be higher than the FY26 budgeted amount of Rs 2.6 trillion expected from the RBI, Nationalised banks and financial institutions collectively. The key determinant likely for such a huge dividend could be the upbeat gains from dollar sales.  The gross dollar sales rose notably to USD 371.6 billion up to February in FY25, compared to USD 153 billion in the full-year FY24. Higher quantum of dollar sales along with the increased margin between the historical price of dollar purchases vis-a-vis the sales price is anticipated to have driven large gains from dollar sales throughout FY25. Other key factors such as the interest income on rupee and foreign securities could have also lent some support to the higher dividend.”

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