SBP reduces rate of Special Cash Reserve Account to 3.66% for Nov

MG News | November 01, 2024 at 03:13 PM GMT+05:00

0:00

November 01, 2024 (MLN): The State Bank of Pakistan (SBP) has lowered the rate of remuneration for November 2024 on Special Cash Reserve Account (US$) to 3.66%, as per a notice issued by the central bank.

To recall, in the previous month, SBP reduced the rate to 3.85%.

It is important to note that this rate is for deposits raised under FE-Circular 25 of 1998.

The special cash reserve account is remunerated by State Bank on daily product basis on rates notified at the end of each month.

Copyright Mettis Link News

Related News

Bank deposits increase 8.5% to Rs35.5tr in Jun

FinMin praises SBP, banks for priority sector growth

OMO Result: SBP injects Rs1.72tr

Name	Price/Vol	%Chg/NChg
KSE100	136,293.30 266.08M	-0.15% -209.24
ALLSHR	84,865.73 763.27M	-0.25% -214.17
KSE30	41,485.61 84.49M	-0.16% -67.02
KMI30	191,153.50 67.58M	-1.13% -2177.26
KMIALLSHR	55,836.07 371.20M	-0.85% -479.23
BKTi	38,656.86 38.85M	0.41% 158.78
OGTi	27,852.06 6.06M	-1.02% -286.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,315.00	120,695.00 116,660.00	-2920.00 -2.43%
BRENT CRUDE	69.31	69.37 68.60	0.10 0.14%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.25 0.26%
ROTTERDAM COAL MONTHLY	106.50	0.00 0.00	-0.05 -0.05%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.03	67.09 66.27	0.05 0.07%
SUGAR #11 WORLD	16.41	16.42 16.25	0.11 0.67%