RBI surplus transfer to Centre expected to impact economy
Sun, May 23, 2021 10:22 AM

RBI surplus transfer to Centre expected to impact economy

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Banking stocks that led the rally on May 21 would be noticed in the coming week as well after the Reserve Bank of India (RBI) said that it would transfer a surplus of Rs 99,122 crore to the government for the nine-month accounting period ended March 31. The S&P BSE Bankex who led the charge on May 21 brings over 7% for the week ended on May 21 compared to nearly 4% gains last year.

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