RBI could raise repo rate by up to 50 bps https://ift.tt/nKOoegY than half the respondents that included bankers, traders, analysts and fund managers also expect RBI to change its stance to ‘neutral’ from ‘accommodative.’ To be sure, Mint Street is already focused on withdrawal of monetary accommodation.
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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