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

Add Mettisglobal as a Trusted Source on Google

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

Key Pakistan Market Stats and Economic Indicators

SBP’s FX Purchases Jump to USD 1.02bn in September

Name	Price/Vol	%Chg/NChg
KSE100	169,703.60 186.64M	0.16% 276.16
ALLSHR	102,604.53 769.92M	0.15% 153.59
KSE30	50,591.33 89.05M	0.26% 133.49
KMI30	242,499.84 88.34M	0.17% 407.02
KMIALLSHR	66,609.21 384.86M	0.10% 66.64
BKTi	46,200.65 17.30M	0.50% 229.92
OGTi	34,887.62 6.26M	0.09% 32.55

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,715.00	63,740.00 63,530.00	40.00 0.06%
BRENT CRUDE	89.13	95.50 88.44	-3.97 -4.26%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	132.75	134.25 132.75	-1.45 -1.08%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	85.36	86.64 85.13	-2.35 -2.68%
SUGAR #11 WORLD	13.81	14.02 13.77	-0.11 -0.79%