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Summary The State Bank has injected Rs 123 billion in the money market to repel the money drought.
The State Bank put the money in the open market by buying treasury bills and Pakistan Investment Bonds.The interest ratio of the bills has been fixed at 13.02 percent.The money market dealers have offered Rs 149 billion for the money market operation.Meting out the money drought in the open market, the State Bank has injected some Rs 600 billion in the month of August.
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