SBP mops up Rs41.15bn

KARACHI: The State Bank of Pakistan (SBP) Saturday conducted open market operation and mopped up Rs 41.15 billion.

According to SBP announcement here it conducted two separate operations.

SBP said that it received bids worth 44.5 billion for 6-day repo sale, however, it accepted Rs 17 billion worth of bids for Market Treasury Bills (MTBs) at the rate of return of 12.25 percent.

In the second operation it accepted bids Rs 24.15 billion for MTBs at the rate of return of 12.22 percent against bids worth 26.15 billion.