SBP provides Rs 28.70 billion to banks

State Bank of Pakistan has provided Rs 28.70 billion to the banks to inject funds into the Money Market. The central bank had received Rs 38.40 billion for re-buying T bills and Pakistan Investment Bonds. The bank accepted the offers of Rs 28.70 billion. The duration of the re-bought T bills is one day while the interest rate is 13.01 percent.