Pakistani forex reserves rise to $16.85 billion

KARACHI: State Bank of Pakistan (SBP) in its reverse repo open market operation in treasury bills and Pakistan Investment Bond has injected Rs 174.950 billion on January 6, 2012.

According to SBP here Friday, the offered amount was Rs 176.050 billion for seven-day reverse repo. The rate of return for days reverse repo is 11.53 per cent.

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