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SBP injects Rs 467bn into market

KARACHI: The State Bank of Pakistan (SBP) on Thursday  injected Rs 467 billion into money market for one night (over

Aug 29 2019

KARACHI: The State Bank of Pakistan (SBP) on Thursday  injected Rs 467 billion into money market for one night (overnight)  as reverse repo purchase through its open market operation.

Eight bids of Rs 467 billion were offered and all were accepted. The rate of return accepted is 13.4 percent per annum, said a  SBP press release.

Copyright APP (Associated Press of Pakistan), 2019