Gold trumps most EM stocks, barring India https://ifttt.com/images/no_image_card.pngGold returns from local currencies in Turkey, Malaysia, Taiwan, and South Korea have yielded the highest returns over local equities. Kapoor said equity returns in India have exceeded that of gold because the rupee has been ‘fairly stable’, and the business environment has allowed companies to be profitable.
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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