Business Standard

RBI balance sheet expands 30% to Rs 533 trn on growth in forex reserves

Central bank's balance sheet saw a larger-than-normal size due to policy actions and liquidity infusion measures adopted to mitigate shock of Covid-19 outbreak

RBI
Premium

In FY19, the share of domestic assets was 28.03 per cent, while foreign currency assets and gold had a share of 71.97 per cent.

Abhijit Lele Mumbai
The Reserve Bank of India’s (RBI’s) balance sheet expanded by 30.02 per cent to Rs 533.47 trillion in FY20, thanks to growth in foreign exchange reserves.

RBI’s balance sheet saw larger than normal size due to policy actions and liquidity infusion measures adopted to mitigate the adverse shock induced by Covid-19.

As of June 30, 2019 (FY19), the size of the balance sheet was Rs 410.29 trillion. The RBI’s follows a July-June accounting year. However, the current year (FY21) will end in March 2021 to mark its transition to an April-March calendar (FY22 onwards).

Gross total income for FY20 amounted

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 25 2020 | 5:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com