Wednesday, July 6, 2011

State Bank withdraws Rs 34.5 billion from market


 


The central bank sold T-bills under a three-day repurchase agreement to withdraw additional capital from the market. Interest of 12.04 was agreed on T-bills.


 






Primary dealers had offered to buy T-bills worth Rs 40 billion. After the announcement of budget, the State Bank so far has sold T-bills worth Rs 46 billion through three open market operations.
 






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