OMO: SBP mops up Rs335bn from the market for 8 days
MG News | September 22, 2022 at 02:37 PM GMT+05:00
0:00
September 22, 2022 (MLN): State Bank of Pakistan has mopped up Rs335 billion from the money market for 8 days at 14.95% in an open market operation (OMO) conducted today.
As per the SBP statement, 11 bids were placed by participants for repo sale ranging between 14.89% to 15% to raise Rs338bn. SBP accepted eight bids.
|
Summary of OMO Result |
|||||||
|
|
|
Amount (Rs in Millions) |
Rate (%) |
Bids |
|||
|
Tenor |
Type |
Offered |
Accepted |
High – Low |
Accepted |
Offered |
Accepted |
|
8-Days |
Repo (Mop-Up) |
338,000 |
335,000 |
14.89–15 |
14.95 |
11 |
08 |
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