SBP injects Rs1,907 bn into money market

KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs1,907.250 billion into the money market for seven days as reverse repo purchase through its open market operation.

The rate of return accepted is 7.54 per cent per annum, said a notification from the SBP.

 

Must Read

Dollar struggles near two-week lows amid tariff uncertainty

The dollar index, which tracks the U.S. currency against six major rivals, falls 0.1% to 108, near the two-week low of 107.86 reached on Tuesday