State Bank injects Rs582.7 bln in money market | Pakistan Today

State Bank injects Rs582.7 bln in money market

The State Bank of Pakistan on Friday injected Rs582.7 billion into the money market through a 7-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 8.83 percent per annum. The banks had offered bids worth Rs606.2 billion for the open market operation.



Related posts

One Comment;

Comments are closed.

Top