SBP injects Rs1.03 trillion into money market

KARACHI: The central bank on Friday injected more than one trillion rupees into the money market in a one-day reverse repo to help banks avert liquidity shortage. The State Bank of Pakistan (SBP) pumped Rs1.027 trillion into the inter-bank money market via open market operations. The State Bank of

By our correspondents

September 05, 2015

KARACHI: The central bank on Friday injected more than one trillion rupees into the money market in a one-day reverse repo to help banks avert liquidity shortage.
The State Bank of Pakistan (SBP) pumped Rs1.027 trillion into the inter-bank money market via open market operations.
The State Bank of Pakistan infused this liquidity at the rate of 6.52 percent per annum for seven days.
The central bank injected a total of Rs1.210 trillion through OMOs into the banking system during the week ended on September 4.
Analysts said the OMO with trillion of rupees in a single day was an indication of pressure on the banking deposits.