State Bank Of Pakistan Mops Up Rs 50 Bln From Market

Rukhshan Mir (@rukhshanmir) Published November 15, 2018 | 11:04 PM

State Bank of Pakistan mops up Rs 50 bln from market

State Bank of Pakistan (SBP) on Thursday mopped up Rs 50 billion from the money market for one day as repo sale through its open market operation.

KARACHI, (UrduPoint / Pakistan Point News - 15th Nov, 2018 ) :State Bank of Pakistan (SBP) on Thursday mopped up Rs 50 billion from the money market for one day as repo sale through its open market operation.

Out of three quotes offered amounting to Rs 68.5 billion, two of the above amount were accepted.

The rate of return accepted is 8.40 percent per annum, said a pressrelease.

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