SBP provides Rs 13.50 bn to commercial banks

SBP provides Rs 13.50 bn to commercial banks
Updated on

Summary

The State Bank of Pakistan on Wednesday provided Rs 13 billion to the commercial banks to inject liquidity into the Money Market. The central bank had received offers of Rs 21.60 billion for re-buying T-bills through Open Market Operation. The bank accepted offers of Rs 13.5 billion. The central bank bought back T-bills under 2-day reverse-repo at interest rate of 11.92 percent.
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