Business News

State Bank adds Rs 821 billion in money market system

Latest Update: July 3, 2015 | 220 Views
SBP

ISLAMABAD: The State Bank of Pakistan (SBP) on Friday has added Rs 821 billion in the money market system.

The bank added the amount in light of shortage of capital in the money market system. The funds were transferred by purchasing Treasury bills and PIBs in the seven-day open market operation.

The interest rate on the purchases made is set at 6.5 percent.