Sticky overseas funds stay glued to Indian equities amid broader sell-off https://ift.tt/iLJ6OBu cumulative share of long-term funds that include sovereign wealth funds, central banks of other countries, pension funds, and funds owned by government entities in Indian equities stood at 24.12% in June 2022, a gain of around 100 basis points in the last one year and 200 bps higher than pre-Covid period, data from NSDL show. One basis point is 0.01%.
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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