State Bank injects Rs600bn in money market

BusinessState Bank injects Rs600bn in money market

February 8, 2013

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

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State Bank injects Rs600bn in money market

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