Do not expect a major slump in oil prices anytime soon: Vandana Hari https://ifttt.com/images/no_image_card.pngI think OPEC plus will try and defend the floor may be not a $90 per barrel for Brent but perhaps at 80 so I think they will try and prevent a sustain downward spiral in oil prices.
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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