SBI pays Rs 22,152 crore for RIB redemption

 The State Bank of India (SBI) has paid out Rs 22,151.83 crore to the Reserve Bank of India (RBI) for buying dollars to settle the $5.185 billion Resurgent India Bonds (RIB) redeemed today.  The rupee outgo from the SBI is based on the average rate of RIB proceeds sold by the bank to the RBI.