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SBP injects Rs66.75bn in market

KARACHI: The State Bank of Pakistan (SBP) injected Rs66.75 billion in the market through a four-day open market operation on Monday.An analyst said the central bank conducted OMO to manage the liquidity in the market and there was some liquidity crunch, for which the central bank injected money.The central bank

By our correspondents
January 27, 2015
KARACHI: The State Bank of Pakistan (SBP) injected Rs66.75 billion in the market through a four-day open market operation on Monday.
An analyst said the central bank conducted OMO to manage the liquidity in the market and there was some liquidity crunch, for which the central bank injected money.
The central bank offered Rs74.75 billion and the banks accepted offers worth Rs66.75 billion against the rate of return of 8.30 percent.