...........On the decision to transfer the entire surplus, RBI said after reviewing the adequacy of internal reserves and the central bank’s surplus-distribution policy, a technical panel had said the balances in the contingency reserve and the asset development reserve were more than the buffers needed. RBI said the increase in assets was primarily due to growth in foreign currency assets and the impact of the depreciation of the dollar against other major currencies in which the Reserve Bank’s foreign currency assets were held.......
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