SBP mops up Rs 1,727.150 bn from market

KARACHI:State Bank of Pakistan on Friday mopped up Rs 1,727.150 billion from the money market for six days as repo sale through its open market operation.

Out of 17 quotes of Rs 1,727.750 billion, 16 were accepted. The rate of return accepted is 10.70 percent per annum, said SBP press release.