State Bank Of Pakistan Injects Rs 83.5 Bn Into Market

Muhammad Irfan Published June 03, 2019 | 11:45 PM

State Bank of Pakistan injects Rs 83.5 bn into market

State Bank of Pakistan on Monday injected Rs 83.5 billion into the money market for seven days as reverse repo purchase through its open market operation

KARACHI, (UrduPoint / Pakistan Point News - 3rd Jun, 2019 ):State Bank of Pakistan on Monday injected Rs 83.5 billion into the money market for seven days as reverse repo purchase through its open market operation.

Four bids of Rs 89.5 billion were offered, of which three of Rs 83.5 billion were accepted.

The rate of return accepted is 12.32 percent per annum, said SBP press release.

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