India's consumption uptick brings back FPI money in August https://ift.tt/6yptjxX inflows have been consistently increasing for the third time in a row with the second half of August having an inflow of $3.7 billion. India has been a big beneficiary of foreign fund inflows to the South Asian region. In the current quarter to date, Asia's third-largest economy received inflows of $7.5 billion, Bloomberg data showed.
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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