RBI's income rises to ₹2.35 lakh cr in FY23, forex gains jump 50%

RBI on Tuesday released its annual report that showed the central bank's net income jumped 47% to ₹2.35 lakh crore in FY23. This surge largely came on the back of foreign exchange transactions, which surged about 50% to ₹1.03 lakh crore. RBI ended FY23 with a surplus of ₹87,416 crore, as against ₹30,307 crore in the previous year.