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Home Business Banking & Finance

SBP Mops up Rs 29,700mn in OMO

ToP by ToP
November 5, 2013
in Banking & Finance, Featured
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State Bank of pakistanKARACHI: State Bank of Pakistan (SBP) on Monday mopped up Rs 29,700 million in its open market operation (OMO) in Government of Pakistan Market Treasury Bills under repo sale.

The bids offered for four-day repo sale were of the same amount.The rate of return is 8 percent, said a SBP statement here. -Brecorder

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