SBP injects Rs2,400 billion in open market

By: News Desk      Published: 04:27 PM, 21 May, 2021
SBP injects Rs2,400 billion in open market
Representative image.

The State Bank of Pakistan (SBP) injected Rs2,400.550 billion in the market on Friday through Open Market Operation for seven days, reported 24NewsHD TV channel.

The SBP Domestic Market and Monetary Management Department conducted an Open Market Operation (OMO).

According to a central bank’s Domestic Markets and Monetary Management Department on Friday, 26 quotes were offered for reverse repo purchase at the rate ranging from 7.09 to 7.05 percent.

The SBP has accepted all 26 quotes amounting to Rs244.550 billion at the cut-off rate of 7.05.