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OMO Result: SBP Injects Rs. 477.85 Billion

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February 3, 2023 (MLN): The State Bank of Pakistan (SBP) Conducted an Open Market Operation (OMO) through which it injected Rs477.85 billion into the market.

Out of the amount injected, Rs186bn was Shariah Compliant Mudarabah while Rs291.85bn was through the conventional market.

SBP accepted bids for Rs4bn for 7 days in the regular OMO while it accepted Rs1 billion for 7 Days in the Shariah Compliant Mudarabah based OMO, the remaining amounts were for 77 days.

Summary of OMO Result

 

 

Amount (Rs in Millions)

Rate (%)

Bids

Tenor

Type

Offered

Accepted

High – Low

Accepted

Offered

Accepted

7-Days

Repo (Inject)

4,000

4,000

17.27 – 17.20

17.20

03

03

77-Days

Repo (Inject)

454,850

287,850

17.28 – 17.17

17.23

23

11

 

Total

458,850

291,850

 

 

 

 

 

Summary of Shariah-Compliant Mudarabah-based OMO Result

 

 

Amount (Rs in Millions)

Rate (%)

Quotes

Tenor

Type

Offered

Accepted

High – Low

Accepted

Offered

Accepted

7-Days

Reverse Repo (Injection)

1,000

1,000

17.2 – 17.2                               

17.20    

1

1

77-Days

Reverse Repo (Injection)

205,000

185,000

17.25 – 17.21               

17.25    

2

1

Total

206,000

186,000

 

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Posted on: 2023-02-03T15:23:29+05:00