State Bank injects Rs600bn in money market

BusinessState Bank injects Rs600bn in money market

KARACHI:  The State Bank of Pakistan (SBP) on Friday injected Rs600.05 billion into the money market through a seven-day reverse repo to help banks meet their liquidity requirement ahead of the weekly settlement.

In a statement, the central bank said it injected the amount at 8.78 percent per annum. The banks had offered bids worth Rs619.65 billion for the open market operation.

Asad Haroon
Asad Haroon
All the information published under this Author is via Web desk/Team/Contributors. Opinons and views of the Organization may differ from the views represented here

Must read

Advertisement