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Business & Finance

SBP injects Rs.1750bn into market

Published August 2, 2019 Updated August 2, 2019 12:56pm

KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs.1750 billion into money market for seven days as reverse repo through its open market operation.

Twenty one quotes of Rs. 1837.9 billion were offered, of which 20 of Rs.1750 billion were accepted.

The rate of return accepted is 13.35 percent per annum, said a SBP press release.

 

Copyright APP (Associated Press of Pakistan), 2019

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