Financial Risk Manager

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Money Market, Forex and General News - 17-06-2009

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MONEY MARKET

State Bank conducted T-Bills auction today in which cut off rates are expected to come down. Money market stayed at top level throughout the day as market opened at 13.90% and in the end market went for discounting at 14.0%

FOREX
The USD / PKR opened at levels of 81.05 & 81.10, went as high as 81.13 and closed at 80.95 & 80.98.Moreover price of furnace oil has been raised by Rs 4000 per ton taking prices to Rs 40,000 per ton in the local market.

GENERAL NEWS

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posted @ 10:31 AM,

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