Times of Islamabad

State Bank of Pakistan injects huge sum of Rs 2416 billion into money market

State Bank of Pakistan injects huge sum of Rs 2416 billion into money market

KARACHI: State Bank of Pakistan on Friday injected Rs 2416.5 billion intomoney market for seven days as reverse repo purchase through its openmarket operation.

All 26 bids offered were accepted. The rate of return accepted is 13.36percent per annum, said a SBP statement.