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Monday, November 18, 2024

Home Business SBP injects Rs575.850b into market

SBP injects Rs575.850b into market

by admin
November 16, 2019
in Business

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Staff Reporter

Karachi

State Bank of Pakistan (SBP) on Friday injected Rs 575.850 billion into money market as reverse repo purchase through its open market operation. Eighteen bids of Rs 580.850 billion were offered, of which 17 of Rs 575.850 billion were accepted. The rate of return accepted is 13.29 percent per annum, said a SBP press release.