SBP injects Rs588.85 billion in banking system

BusinessSBP injects Rs588.85 billion in banking system

February 1, 2013

KARACHI: In order to help banks meet their liquidity requirement ahead of the weekly settlement, Pakistan’s central bank on Friday injected Rs588.85 billion into the money market through a 7-day reverse repo, Dispatch News Desk (DND) reported on Friday.

In a statement, the State Bank of Pakistan (SBP) said it injected the amount at 8.78 percent per annum. The banks had offered bids worth Rs624.85 billion for the open market operation.

DND

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

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SBP injects Rs588.85 billion in banking system

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