Retrieving "Interbank Lending Rate" from the archives

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1. Treasury Bills

   Linked via "interbank lending rate"

   The Role in Monetary Policy
   Central banks utilize T-bills extensively in open market operations (OMOs). The purchase or sale of T-bills directly impacts the quantum of reserves in the banking system, thereby influencing the short-term interbank lending rate.
   If a central bank purchases T-bills from commercial banks, it injects reserves, easing immediate financial conditions. If it sells T-bills, it drains res…