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SBP injects Rs 1,410.350b into market

SBP injects Rs 1,410.350b into market

KARACHI: State Bank of Pakistan on Friday injected Rs 1,410.350 billion into money market through its open market operation. The injection was for two different tenors. Rs 360.350 billion were injected for three days, whereas Rs 1,050.000 billion for seven days. The rate of return accepted was 5.76 percentage per annum, says SBP statement.