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SBP to sell t-bills in repo

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By Fakir Syed Iqtidaruddin
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KARACHI: The State Bank of Pakistan (SBP) said it will sell treasury bills to commercial banks on Saturday in 6-day repo to mop up funds from the money market.

The SBP did not say how much money it would absorb through the open market operation.

The result of the auction will be announced at 10:30 (0530 GMT) and settlement will be later in the day.

 

Copyright Reuters, 2011 

State Bank of Pakistan (SBP)

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