SBP injects Rs1,664mln in market

KARACHI: The State Bank of Pakistan on Thursday injected Rs1,664 million in the money market (Rs834 million for one day and Rs830 million for eight days) as reverse repo purchase through its open market operation. The rate of return accepted is 10.28 percent.

The total amount offered at this rate of return was Rs315 million, of which the SBP accepted Rs151.9 million on pro-rata basis.