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.
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.
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