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SBP injects Rs347b into market

SBP injects Rs347b into market

KARACHI: State Bank of Pakistan (SBP) on Thursday injected Rs347 billion into money market for eight days as reverse repo purchase through its open market operation.

Eight bids of Rs355 billion were received, of which 7 of Rs 347 billion were accepted. The rate of return accepted is 11.01 percent per annum, said SBP press release.