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RBI board decides not to touch valuation gain in currency and gold, says report

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The board of the Reserve Bank of India (RBI), in its last meeting, is believed to have decided that the central bank will not touch the 'unrealised gains' in its balance sheet for dividend distribution to the government, The Economic Times reported.

RBI board decides not to touch valuation gain in currency and gold, says report
The board of the Reserve Bank of India (RBI), in its last meeting, is believed to have decided that the central bank will not touch the 'unrealised gains' in its balance sheet for dividend distribution to the government, The Economic Times reported.
"Unrealised gain is valuation gain in currency and gold. To tap this, it has to be realised or converted in the market. This is now ruled out... this has been minuted," a person familiar with the matter told the newspaper.
The report said of the central bank's total reserves of Rs 10.46 lakh crore, about 6.9 lakh crore is recorded under 'currency and gold revaluation account' while 2.32 lakh crore is 'contingency fund'.
A high-profile committee, headed by former RBI governor Bimal Jalan, has been constituted to look into RBI's economic capital framework.
 
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