SBP adds Rs 85 billion into system

SBP adds Rs 85 billion into system
Updated on

Summary Owing to the dearth of capital in the market, State Bank adds Rs 85 billion into system.

The central bank enhanced liquidity through buying T-bills, investment bonds and provision of capital.Through open market operation the buying was done for two days on 0.20 percent annual interest rate.Money market dealers made the offer of Rs133.55 billion. Money market is facing the dearth of capital now a days. The State Bank is providing capital on permanent basis.