State Bank gives Rs 40.40 billion to commercial banks

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State Bank gives Rs 40.40 billion to commercial banks

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26 September,2009 03:45 pm

The State Bank of Pakistan has provided Rs 40.40 billion to the commercial banks to inject funds into the Money Market. The central bank had received offers of Rs 40.90 billion for re-buying T bills and Pakistan Investment Bonds. The bank accepted the offers of Rs 40.40 billion. The duration of the re-bought T bills is seven days while the interest rate is 12.13 percent