RBI's Accounts III : A piece of recent history
Reserve Bank of India's income and reserves : The depletion started long back
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This is what I said in 2013. In 2013, RBI Governor Raghuram Rajan depending on a report obtained from a director on RBI's board (Y H Malegam) which "certified" that RBI had adequate reserves for 3 years (GOK what he meant) started transfering entire surplus income to GOI.
M G Warrier