SBP gives Rs 106.50 billion to commercial banks

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SBP gives Rs 106.50 billion to commercial banks

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14 November,2009 03:48 pm

The State Bank of Pakistan has provided Rs 106.50 billion to the commercial banks to inject liquidity into the Money Market, Dunya News Saturday reported. The central bank had received offers of Rs 125.10 billion for re-buying T-bills and Pakistan Investment Bonds (PIBs). The bank accepted offers of Rs 106.50 billion. The Bank bought back PIBs and T-bills under 7-day reverse-repo at 12.2 percent.