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SBP mops up Rs 28.050bn from market

KARACHI: State Bank of Pakistan (SBP) on Monday mopped up Rs 28.050 billion from the money market for four days as r
Published May 13, 2019

KARACHI: State Bank of Pakistan (SBP) on Monday mopped up Rs 28.050 billion from the money market for four days as repo sale during its open market operation.

The rate of return accepted is 10.70 percent per annum. Five quotes were offered which were accepted, said a SBP press release.

Copyright APP (Associated Press of Pakistan), 2019
 

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