KARACHI:State Bank of Pakistan on Friday injected Rs 2,076.4 billion into money market through its open market operation.
Rupees 2035.9 billion were placed as reverse repo purchase. Of these, Rs 100.650 billion were pumped for 7 days at
16.24 % rate of return accepted per annum and Rs 1935.250 billion for 70 days at 16.10 % r.r.a per annum.
Meanwhile, Rs 40.5 billion ( face value of collateral) were injected for 70 days through Shariah Compliant Mudarabah based OMO at the cut-off rate of 16.09 percent.