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KARACHI: The government on Wednesday raised Rs249 billion in first auction of treasury bills (T-bills) of this fiscal year against the target of Rs100bn. The cut-off yields on all tenors were reduced indicating the possibility of further cut in interest rates in next monetary policy review. The cut-off yield on three-month T-bills was reduced by 29 basis points (bps) to …
Read More »Govt raises Rs249bn, exceeding T-bill auction target
July 16, 2020
