SBP injects Rs81.05bln
 

KARACHI: The State Bank of Pakistan (SBP) on Monday through an open market operation injected Rs81.05 billion in the interbank market in a seven-day reverse repo to ensure liquidity in the banking system.

The central bank injected the amount at 5.77 percent - slightly above the policy rate.

The overnight rates closed at 5.82 percent from the previous Friday’s closing of 5.92 percent amid tight liquidity in the interbank market.

Dealers said that the banks required liquidity and offered the central bank to lend against maturities.

They said there were scheduled outflows also, while banks were borrowing cash to meet their weekly reserves requirement.

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