SBP mops up Rs 658.3 bn from market

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KARACHI, Oct 26 (APP):State Bank of Pakistan on Friday mopped up from the money market Rs 658.3 billion ( Rs 55.2 billion for 3 days and Rs 603.1 billion for 7 days) as reverse repo sale through its open market operation.
Four quotes were offered for three-day mop up and 16 for seven-day
mop up. The rate of return accepted for both categories of the operation
is 8.45 percent per annum, said a SBP press release.