Govt keeps treasury bill returns higher over policy rate
KARACHI: The government kept treasury bill rates almost unchanged in an auction held on Wednesday, but the returns on all tenors of T-bills remained higher than the State Bank’s policy rate of 11.5 per cent. This was the last auction of T-bills before announcement of the next monetary policy on Oct 26. The results showed that the government raised Rs417.6 billion through this auction and another…
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