SBP injects Rs 400 bln into market

Karachi

KARACHI:State Bank of Pakistan (SBP) on Tuesday injected Rs 400 billion into money market for eight days as reverse repo purchase through its open market operation. Of 13 quotes of Rs 654 billion offered, 12 of Rs 400 billion were accepted. The rate of return accepted is 7.07 percent per annum, says SBP statement.

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