Weekly T-Bill auction oversubscribed, AWPR decreased by 58 bps to 17.18 percent

During the period 22.07.2023 to 28.07.2023, the outstanding stock of T-Bills and T-Bonds held by foreigners depicted an increase of 1.73 per cent in rupee terms compared to the week before, according to Central Bank date released on Friday.

Meanwhile, the weekly T-Bill auction was oversubscribed by 1.5 times during the reporting week.The total volume of secondary market transactions in T-Bills and T-Bonds has increased by 1.32 per cent in the reporting week compared to the week before.

The primary market T-Bill yield rates decreased marginally compared to the week before. Meanwhile, the T-Bill and T-Bond secondary market yield curves remained broadly stable during the week.Weekly Average Weighted Prime Lending Rate (AWPR) for the week ending 28th July 2023 decreased by 58 bps to 17.18 percent compared to the previous week.

The reserve money decreased compared to the previous week mainly due to the decrease in the deposits held by the commercial banks with the Central Bank.The total outstanding market liquidity was a deficit of Rs. 127.824 bn by 28th July 2023, compared to a deficit of Rs. 137.830 bn by the end of last week, the Central Bank data stated.