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SBP injects over Rs 689 billion into market against rate of return at 9.3pc

byCustoms Today Report
10/01/2015
in Business
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KARACHI: The State Bank of Pakistan (SBP) has injected Rs 689.15 billion into the market through a 10-day open market operation.

An analyst has said that the central banks conducted open market operation to manage the liquidity in the market and there was some liquidity crunch, for which the SBP injected money.

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The central bank offered Rs 694.15 billion and the banks accepted offers of Rs 689.15 billion against a rate of return of 9.3 percent.

Tags: 9.30 percent rate of returnSBP injects Rs689bn

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