KARACHI: State Bank of Pakistan on Thursday injected Rs 262.15 billion into money market for eight days as reverse repo purchase through its open market operation.

Ten quotes of Rs 285.15 billion were offered, of which eight of Rs 262.15 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