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KARACHI, July 31: Short-term money rates jumped on Thursday after central bank conducted a repo to mop up liquidity from the money market and the rupee firmed slightly.
Overnight call rates ended at 10.5 per cent, up from Wednesday’s close of 3 per cent.
“Market was a bit volatile today and there were inflows of about Rs71 billion against an outflow of over Rs80 billion,” said a brokerage house dealer.
In the currency market, dealers said the rupee ended at 71.45/55 to the dollar, marginally firmer from Wednesday’s close of 71.50/60.—Reuters
