Rupee's half percent fall & A $3 trillion economy! https://ift.tt/9uflWBm marked the eighth day in 2022 when the Indian monetary unit slid more than half a percentage point against the dollar. It lost 0.53% to close at 79.37 to the dollar after plunging to another lifetime low of 79.38.
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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