SBP injects Rs 2.49t in money market

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SBP injects Rs 2.49t in money market

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Owing to the dearth of capital in money market, the SBP added Rs 2.49 trillion into the system.

16 September,2011 07:31 pm

The State Bank of Pakistan enhanced liquidity through buying T-bills, investment bonds and provision of capital under open market operation at 13.20 percent per year. Primary dealers offered bids worth 2.49 trillion.Money market is facing the dearth of capital from the first day of the new fiscal year and the central bank is providing capital on permanent basis.