UAE emerges as alternative to rupee trade with Russia https://ift.tt/OTYcQiW push is toward facilitating trade through the UAE as the country's currency - the dirham - is pegged to the dollar and enjoys global stability.
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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