T-bills worth Rs.3tn to be converted to long-term bonds 

 Meanwhile, the first task of the newly established Governing Board, which met yesterday for the first time, will be to convert the Treasury bills held by the Central Bank amounting to about Rs.3 trillion to long-term bonds.
This would mark the completion of the Domestic Debt Optimisation (DDO) process.
These conversions are slated to occur today, and their anticipated impact is poised to drive down Treasury bill rates.