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Summary To counter the dearth of the capital, central bank enters Rs 30.05 in the system.
The State bank bought investment bonds and T-bills. Through open market operation, the deal was made on 13.2 percent interest rate for four days. Money Market dealers offered Rs 60.90 billion to the central bank.The Money market is experiencing scarcity of capital from the beginning of the financial year. The State Bank is providing the capital on permanent basis.
