KARACHI: State Bank of Pakistan on Friday injected Rs 601 billion into money market as revere repo purchase through its open market operation- Rs 330 billion for seven days and Rs 274 billion for 63 days.
Twenty quotes of Rs 598.250 billion were received by the Central Bank and 16 of these worth Rs 330 billion were accepted, with 9.87 % as rate of return accepted per annum. Fifteen quotes of 364.750 billion were received, of which 12 of Rs 274 billion were accepted at 9.88 % rate of return accepted per annum.