State Bank of Pakistan injects Rs 465 billion into the money market

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State Bank of Pakistan injects Rs 465 billion into the money market

KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs465 billion into money market for seven days as reverse repo purchase through its open market operation.

Eighteen bids of Rs571.5 billion were offered, of which 11 of Rs465 billion were accepted. The rate of return accepted is 13.34 percent per annum, said an SBP press release.

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