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Business & Finance

SBP injects Rs 2416.5bn into market

Published August 9, 2019 Updated August 9, 2019 12:50pm

KARACHI: State Bank of Pakistan on Friday injected Rs 2416.5 billion into money market for seven days as reverse repo purchase through its open market operation.

All 26 bids offered were accepted. The rate of return accepted is 13.36 percent per annum, said a SBP statement.

Copyright APP (Associated Press of Pakistan), 2019

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