SBP gets Rs26 billion from banking system
Updated at: 1321 PST, Thursday, March 05, 2009 KARACHI: The State Bank of Pakistan (SBP) has withdrawn an additional amount of Rs26 billion from banking system for six days at an interest rate of 9.15 per cent through the open market operation.The central bank launched an open market operation here today to absorb the additional amount from the banking system.Banks offered Rs32 billion for buying six-day treasury bills but the central bank obtained Rs26 billion at an interest rate of 9.15 per cent.Today, the banking system received an amount of Rs30 billion through maturities.
Updated at: 1321 PST, Thursday, March 05, 2009 KARACHI: The State Bank of Pakistan (SBP) has withdrawn an additional amount of Rs26 billion from banking system for six days at an interest rate of 9.15 per cent through the open market operation.The central bank launched an open market operation here today to absorb the additional amount from the banking system.Banks offered Rs32 billion for buying six-day treasury bills but the central bank obtained Rs26 billion at an interest rate of 9.15 per cent.Today, the banking system received an amount of Rs30 billion through maturities.
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