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SBP injects Rs 32 billion in reverse repo

June 19, 2012


The State Bank of Pakistan.—File Photo

KARACHI: Pakistan’s central bank said it bought government paper from commercial banks on Tuesday in three-day reverse repo to inject funds into the money market. 

State Bank of Pakistan in its open market operation in treasury bills and Pakistan Investment Bonds has injected Rs 32 billion in the banking system.

According to SBP here Tuesday, the offered amount was Rs 61.700 billion while the rate of return improved to 11.70 per cent per annum.