SBP provides Rs 33.10 bn to commercial banks

SBP provides Rs 33.10 bn to commercial banks
Updated on

Summary

The State Bank of Pakistan on Wednesday provided Rs 33.10 billion to the commercial banks to inject liquidity into the Money Market.The central bank had received offers of Rs 62.20 billion for re-buying T-bills through Open Market Operation. The bank accepted offers of Rs 33.10 billion. The central bank bought back T-bills at interest rate of 12.50 percent.