SBP pulls Rs 16bn out of money market

SBP pulls Rs 16bn out of money market
Updated on

Summary

State Bank of Pakistan has pulled Rs 16 billion out of money market through open market operation on Thursday. The Central Bank withdrew the money for one day through Repo Sale of the treasury bills. Money Market dealers made offers worth 26 billion rupees for the open market operation. T-bills would be sold at interest rate of 11.48 percent.
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