SBP injects Rs 64 bn into market

SBP wins IFN global award Best Central Bank for 2nd consecutive year

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.