SBP injects Rs582.700bn

KARACHI: State Bank of Pakistan (SBP) in its reverse repo open market operation (OMO) in treasury bills and Pakistan Investment Bonds has injected Rs 582.700 billion in the banking system.

According to SBP here Friday, the offered amount was Rs 606.200 billion by 42 bidders while the rate of return for 7-day improved to 8.83 percent per annum.