Raining Dollars! FIIs pump in $2.6 billion into Dalal Street in just 5 days; will the frenzy last? https://ift.tt/ONRELSe biggest immunity shot for FPIs in the week gone by was a dovish US Federal Reserve as the central bank guided for interest rate cuts in 2024 after tightening them for more than a 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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