SBP injects Rs642.65 bln in money market


The State Bank of Pakistan (SBP) on Friday injected a whopping Rs642.65 billion into the money market through a 7-day reverse repo to help banks meet their liquidity requirements.
In a statement, the central bank said it injected the amount at 8.76 percent per annum. The banks had offered bids worth Rs642.65 billion for the open market operation.


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