Fed feels rates may need to keep rising for longer https://ift.tt/vmqubpe viewed maintaining the central bank's credibility to control inflation as crucial. Two-year Treasury yields, which are sensitive to Fed policy, remained higher after release of the minutes.
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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