ISLAMABAD – State Bank of Pakistan injects Rs 308 billion in the moneymarket.
State Bank of Pakistan (SBP) released 308.8 billion rupees into the moneymarket for eight days for the purchase of the reverse repo through its openmarket operation.
Six bids of Rs 334.8 billion were offered, of which 4 of Rs 308.8 billionwere accepted.
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The rate of return accepted is 13.31 percent per annum, said SBP release.
