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24 February 2004
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Tuesday
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03 Muharram 1425
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SBP sucks in Rs22bn
By Our Staff Reporter
KARACHI, Feb 23: The State Bank on Monday mopped up Rs22 billion from a fairly liquid inter-bank money market through treasury bills repo at an open market operation.
The results announced by the SBP showed that the OMO generated Rs26 billion bids of which the central bank accepted Rs22 billion and rejected the rest. It siphoned off Rs9.5 billion through one -week repo of TBs at 0.95 per cent and Rs12.5 billion through four -week repo at 1.15 per cent.
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