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Inflation will go high in Pakistan as State Bank injects more money in market

BusinessInflation will go high in Pakistan as State Bank injects more money...
BusinessSouth Asia
By Web Desk

KARACHI: The State Bank of Pakistan on Monday injected Rs690.9 billion into the money market through a 4-day reverse repo to help ease tight liquidity position in the banking system.

In a statement, the central bank said it injected the amount at 8.79 percent per annum. The banks had offered bids worth Rs726.35 billion for the open market operation.

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