Market upside limited till there's some turnaround in global markets: Rakesh Arora https://ift.tt/MrvjICS meltdown does not really impact us but we would in any case be slowing down given that interest rates have risen by more than 200 basis point in India also and it does not look likely that we are going to stop immediately.
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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