SBP injects Rs 1502.45 into market

KARACHI:State Bank of Pakistan (SBP) on Friday injected Rs 2502.45 billion into money market through its Open Market Operation.

Rs 1,420.250 billion were pumped as reverse repo purchase. Of these, Rs 595.250 billion for seven days at 15.19 percent rate of return accepted per annum. Rs 825 billion injected for 63 days at 15.18 % rate of return accepted.

Meanwhile, Rs 82.2 billion were injected through Shariah Compliant Mudaraba based OMO. Of these, Rs 67.200 billion were injected for 7 days at cut-off rate of 15.18 % per annum and Rs 15 billion for 63 days at 15.20%.