The State Bank of Pakistan conducted an auction on Wednesday in which it sold T-Bills worth Rs.113.996 Billion for 3 months. The Bids for 6 months were rejected while no bids were made for the 12 month T-Bill.

The 3 month cut off yield remained unchanged at 10.3013 percent.

Auction Target was Rs.100 Billion against a maturing amount of Rs.11.560 Billion.

Earlier, SBP had received bids worth Rs.107.302 Billion for 3 and 6 months. The SBP accepted Rs.103.902 billion in the competitive auction and Rs.10.093 Billion in the non-competitive auction making the total amount accepted Rs.113.996 Billion

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