SBP Mops up Rs 29,700mn in OMO

KARACHI: 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