Holding Firm

Three-month notes dropped one basis point to 12.93 percent, six month bills slipped one basis point to 12.
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97 percent and one year treasuries lost four basis points to 13.74 percent.

rnrnDealers say rates have held firm, despite a Rs. 7.8 bn liquidity crunch on seasonal demand.

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rnrnDealers expect the shortfall to ease after the New Year festival. The IMF quote s next US$ 60 mn is also expected later this month to help stabilize the market.

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