Times of Islamabad

State Bank of Pakistan injects Rs 262 billion into money market

State Bank of Pakistan injects Rs 262 billion into money market

KARACHI: State Bank of Pakistan on Thursday injected Rs 262.15 billion intomoney market for eight days as reverse repo purchase through its openmarket operation.

Ten quotes of Rs 285.15 billion were offered, of which eight of Rs 262.15billion were accepted.

The rate of return accepted is 13.35 percent per annum, said a SBP pressrelease.