SBP injects Rs1.075trln into money market

KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs1.075 trillion into the money market for seven days through open market operations (OMO), a central bank statement said.
The rate of return accepted was 6.51 percent per annum.
Analysts said that the central bank is frequently pumping cash into the market to cater the liquidity requirement of the banks.