💹 *Daily Business Briefs | Wednesday, 24 Jun 2026*

_Markets open today_

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📊 *ECONOMY & POLICY*

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🏦 *Banking Liquidity Turns Deficit — RBI Injects ₹1.41L Cr*

System liquidity swung from surplus (₹30,685 cr) to deficit (–₹19,971 cr) in a single day on June 22, triggered by GST payment outflows; WACR climbed to 5.43% — 18 bps above repo.

RBI stepped in with ₹1,41,171 crore via a 7-day VRR at 5.26% cut-off, part of over ₹2.43 lakh crore injected over the past week — conditions expected to normalise as government spending picks up by month-end.

📎 _Read: BusinessLine_

https://www.business-standard.com/finance/news/rbi-injects-1-41-trn-liquidity-in-banking-system-via-7-day-vrr-auction-126062300443_1.html

💡 *Flash PMI Eases to 57.4 — 3-Month Low*

HSBC Flash Composite PMI fell from 59.3 in May to 57.4 in June, with manufacturing (54.5) and services (57.3) both softening on weaker new orders, slower hiring, and fuel and gas cost pressures.

Still expansionary, but a third consecutive month of easing input cost inflation offers some margin relief — final PMI next week will confirm the trend.

📎 _Read: Business Standard_

https://www.business-standard.com/economy/news/flash-pmi-growth-eases-to-57-4-in-june-as-demand-and-hiring-lose-momentum-126062300327_1.html

📉 *Debt-GDP 50% Target by FY31 Already Slipping*

The government’s five-year fiscal glide path faces compounding pressure — West Asia conflict costs, the 8th Pay Commission rollout, and 2029 election spending — with economist Pronab Sen estimating only a 2–2.25 pp reduction in debt-to-GDP is achievable over five years.

The 50% target may realistically shift to FY37, sustaining long-end gilt supply pressure and complicating the case for aggressive rate cuts.

📎 _Read: Business Standard_

https://www.business-standard.com/economy/news/long-road-to-50-as-govt-moves-fiscal-anchor-from-deficit-to-debt-gdp-ratio-126062301129_1.html

🌧️ *111 Districts on Monsoon Deficit Watch*

Agriculture Ministry flagged 111 districts most vulnerable to a kharif-season monsoon deficit, with weak rainfall conditions expected until at least July 2 and a super El Niño cited as a tail risk.

Contingency crop plans are in place, but FMCG, agrochemical, and fertiliser stocks face near-term demand uncertainty if sowing is disrupted at scale.

📎 _Read: BusinessLine_

https://thereader.ai/news/business/indian-govt-says-crops-in-111-districts-are-most-vulnerable-to-monsoon-deficit-6a3ab6ffb78b9b37d636c6e7

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🌍 *GLOBAL & WORLD*

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📉 *Kospi Tumbles 10% — Rout Hits Indian Markets*

South Korea’s Kospi crashed 10% on Tuesday, triggering a circuit breaker, as Samsung and SK Hynix fell 12%+ on profit-taking after a leverage-amplified AI rally ran out of road.

The selloff transmitted directly to Indian markets — Sensex shed 894 pts via IT and metal stocks — flagging broader AI-valuation fragility that could drive further EM outflows if sentiment deteriorates.

📎 _Read: Business Standard_

https://www.business-standard.com/world-news/south-korean-stocks-tumble-10-from-record-triggering-trading-halt-126062300441_1.html

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_Compiled by Daily Business Briefs · 24 Jun 2026_