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Business & Finance

SBP injects Rs426.8bn into market

Published August 22, 2019 Updated August 22, 2019 07:59pm

KARACHI: State Bank of Pakistan (SBP) on Thursday injected Rs 426.8 billion into money market for one day as reverse repo purchase through its open market operation.

Ten bids of Rs. 360 billion were offered, of which nine of Rs 426.8 billion were accepted.

The rate of return accepted is 13.39 percent per annum, said a SBP press release.

Copyright APP (Associated Press of Pakistan), 2019

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