SBP injects Rs 426.8 bn into market

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KARACHI, Aug 22 (APP):State Bank of Pakistan (SBP) on Thursday injected Rs 426.8 billion into money market for one day as reverse repo purchase through its open market operation.

Ten bids of Rs 360 billion were offered, of which nine of Rs 426.8 billion were accepted. The rate of return accepted is 13.39 percent per annum, said a SBP press release.