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SBP injects Rs600 bln in money market to help banks meet liquidity requirement
 
February 08, 2013, 12:27 pm
 
 
SBP injects Rs600 bln in money market to help banks meet liquidity requirement

The State Bank of Pakistan on Friday injected a whopping Rs600.05 billion into the money market through a 7-day reverse repo to help banks meet their liquidity requirement ahead of the weekly settlement.

 In a statement, the central bank said it injected the amount at 8.78 percent per annum. The banks had offered bids worth Rs619.65 billion for the open market operation. 

 
 
 
 
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