SBP sells T-bills of Rs 10bn

SBP sells T-bills of Rs 10bn
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Summary

To absorb the excess liquidity out of the market, State Bank of Pakistan has sold T-bills worth Rs10billion through Open Market Operation. The Central Bank received offers worth Rs 23 billion of which SBP accepted the offers of Rs 10 billion on which interest rate is 10.95 percent with 6 days period.
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