Latest inflation data promising, but still high: Fed's Goolsbee https://ift.tt/jiQCW7U officials are expected to raise rates by 25 basis points at their meeting this month after pausing their 15-month tightening campaign in June while at the same time indicating that two more increases were likely this year.
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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