KARACHI, Dec 28 (APP):State Bank of Pakistan on Tuesday injected Rs 64 billion into money market for three days as reverse repo purchase through its open market operation. Out of 9 bids of Rs 74 billion, 7 bids of Rs 64 billion were accepted. The rate of return accepted is 9.80 percent per annum, said SBP release.
SBP injects Rs 64 bn into market
KARACHI, Dec 28 (APP):State Bank of Pakistan on Tuesday injected Rs 64 billion into money market for three days as reverse repo purchase through its open market operation.
Out of 9 bids of Rs 74 billion, 7 bids of Rs 64 billion were accepted. The rate of return accepted is 9.80 percent per annum, said SBP release.
