FPIs' exodus continues; pull out Rs 46,000 cr from Indian equities in June so far https://ift.tt/VvKfpBJ inflow will only resume once there is visibility on the peak of bond yields in the US and an end to Fed rate hikes, he added.Moreover, FPIs are likely to sell more if the current trend of rising dollar and bond yields persists, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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