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SBP injects Rs 545 billion into market

November 30, 2012

The State Bank of Pakistan.—File Photo

KARACHI: Pakistan’s central bank bought Rs 545 billion worth of government paper from commercial banks on Friday in a seven-day reverse repo to inject funds into the money market.

State Bank of Pakistan (SBP) injected the Rs 545 billion in the Government of Pakistan Market Treasury Bills and Pakistan Investment Bonds.

The bids offered amounted Rs 569.55 billion and the rate of return is 9.01 per cent, said SBP statement here.