$95M injection
The Reserve Bank yesterday injected $95 million into the short-term money market. The bank advanced the cash in sellback deals secured by March 16 stock at an average interest rate of 25.91 per cent. Dealers bid $225 million. On-call money remained high in the money market in the morning at 25.25 per cent. Prime 90-day bills were also close to their highest point in the past year at 25.7 per cent.
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Press, 5 March 1987, Page 28
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73$95M injection Press, 5 March 1987, Page 28
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