RBI released its annual report on May 30, 2024, in which RBI has focused on some things, including macroeconomic fundamentals and strong. Inflation is also expected to come down.
RBI has described the risk of rising food inflation as its supply is a very sensitive issue. In the annual report, MPC is trying its best to keep the price stable.
In the report released by RBI on Thursday, they have said that in this financial year 2024, net income will be Rs 2. 1 lakh crore rupees which is more than last year’s 87,420 crore rupees which also includes interest income from foreign securities.
This report also said that the Reserve Bank of India has made a profit of 83,616 crore rupees from foreign exchange transactions during this year while interest income from foreign securities has increased to 65,238 crore rupees.
Which helped them in increasing the size of the contingency fund. This year RBI’s balance sheet saw a growth of 11.08% which increased to 70.48 lakh crore rupees.